Trump orders Energy Dept. to halt shutdown of coal, nuclear plants

04 June, 2018, 19:43 | Author: Dwayne Harmon
  • Report: Department of Energy recommends bail out of failing coal plants

Watchdog clears Perry's use of military, charter flights MORE to take "immediate steps" to prevent the further closures of coal energy plants around the USA, the White House said Friday.

Murray also puzzled that he couldn't figure out why this had not yet been done, writing: "In Youngstown, Ohio, nine days ago, after my personally speaking with President Trump, he turned to Energy Secretary Rick Perry and said three (3) times, 'I want this done'".

The Nationwide Safety Council reportedly mentioned a draft memo on Friday, reported by Bloomberg Information, that may direct electrical grid operators to buy electrical energy from coal, nuclear, or oil-fueled services susceptible to closing.

In exploiting the 1950 Defense Production Act - an obscure Korean War-era energy procurement statute meant to streamline the war effort against Communism, particularly against China - Trump is looking for new ways to keep coal and nuclear power afloat in the U.S., even as sustainable and ever-cheaper power generation in the country, including wind and solar, has risen sharply.

"Unfortunately, impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our Nation's energy mix, and impacting the resilience of our power grid", Sanders said in a statement. "Of keeping our plants, all of them, online, being able to deliver energy, no matter whether it's a natural disaster that we might see from a polar vortex, or it's something more nefarious, as a cyber attack from a terrorist state or some entity with bad intent for the United States", Perry said in the hearing on May 9. It relies on authorities given to the executive branch in the Defense Production Act of 1950 and the Federal Power Act.

Although the memo describes a planned Energy Department directive, there was no indication President Donald Trump had signed off on the action nor when any order might be issued.

A leaked internal memo suggests the move would involve "drastic government intervention in America's energy markets", the New York Times reported.

A motley coalition of U.S. energy sectors lashed out Friday after the Trump administration signaled it may take a new approach in its ongoing attempt to save failing coal-fired and nuclear power plants.

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The Trump administration could invoke two seldom-used laws to save faltering coal and nuclear plants, according to a Bloomberg News report.

Coal stocks rose on news of the draft plan.

LARGE SWATH OF ENERGY INDUSTRY OPPOSES DOE INTERVENTIONBut the use of either statute to prevent coal and nuclear retirements has been looked at with skepticism by Washington insiders and been blasted by most of the power sector outside of those with coal and nuclear interests.

Murray has been seeking emergency action to boost his industry since past year and has met with Trump to argue that federal help was needed to avert thousands of layoffs and maintain the reliability of the electric grid up and down the East Coast.

The placation of private thermal power companies from the Ministry comes in the wake of government's decision to make "out of turn coal allocation to government thermal power plant", which private power companies have labelled as "discriminatory and a distortion of a level playing ground based on ownership of the power generation plants".

"This action is essential in order to protect the resiliency and reliability of our nation's electric power grids", Murray said Friday in an email.

"This finality is why it is critically important to preserve the fuel security offered by nuclear plants under threat of premature closure", Korsnick said.

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