Quantcast
Connect with us

Nuclear, coal bailout worth any cost ‘to keep America free’: US Energy Secretary Rick Perry

Published

on

U.S. Energy Secretary Rick Perry said on Thursday that bailing out struggling coal and nuclear power plants is as important to national security as keeping the military strong, and that the cost to Americans should not be an issue.

“You cannot put a dollar figure on the cost to keep America free,” he told reporters at a press conference in Washington, when asked about the administration’s effort to extend the lives of the facilities. When asked about the cost of a potential bailout, he said he did not yet know.

“We look at the electricity grid as every bit as important to (national security) as making sure we have the right number of ships, aircraft and personnel,” he said. “What is your freedom worth?”

President Donald Trump ordered the Department of Energy (DOE) to take emergency measures to slow the retirements of coal and nuclear power plants, arguing those kinds of facilities can store months of fuel on site and therefore withstand supply disruptions that could be caused by storms, hacks, or physical attacks.

The effort fits neatly with the administration’s broader agenda to boost U.S. fossil fuels production and to save the coal industry, but has been criticized by an unusual alliance of drillers, renewable energy advocates, environmentalists, regulators and grid operators who say it is unnecessary and unfair.

Aging coal and nuclear facilities have been shuttering at a rapid pace in recent years, pushed out by cheaper natural gas as well as renewable energy sources like wind and solar – a driving factor in declining U.S. emissions of greenhouse gases.

ADVERTISEMENT

The Trump administration considers natural gas and renewable energy vulnerable, however, because gas-fired plants rely on pipelines that can be disrupted, and solar and wind facilities only produce energy under certain weather conditions.

Perry pointed out that nearly all U.S. military bases rely on power from the civilian grid.

The DOE is currently studying ways to bail out coal and nuclear facilities, including potentially by mandating grid operators to purchase power from them.

Perry said the DOE is examining the costs now.

ADVERTISEMENT

Federal energy regulators rejected a previous effort by Perry to require them to subsidize nuclear and coal plants for providing “resilience” to the grid.

That did not stop the coal industry from making new requests for help from the administration. In late March, FirstEnergy’s (FE.N) FirstEnergy Solutions unit – which runs coal and nuclear power units – called on the U.S. energy secretary to use the emergency powers to lift the sectors.

Coal company CEO Robert Murray of Murray Energy, also called for Perry to use emergency powers to save at-risk coal plants.

Writing by Richard Valdmanis; Editing by David Gregorio and Diane Craft

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump drowned in ‘heavy metal jokes’ after trying to tag Dem challengers as ‘motley crew’

Published

on

President Donald Trump trotted out a new catchphrase to mock the field of Democratic presidential candidates, but it didn't get quite the reaction he may have hoped.

The president insisted polls looked good for his re-election chances, despite leaked internal polling that says otherwise, and tried to tag his potential 2020 challengers as a "motley crew."

Only Fake Polls show us behind the Motley Crew. We are looking really good, but it is far too early to be focused on that. Much work to do! MAKE AMERICA GREAT AGAIN!

Continue Reading

Breaking Banner

Trump betting he can win re-election by spinning new conspiracy theories to explain investigations: report

Published

on

Special counsel Robert Mueller's probe into President Donald Trump's association with Russian efforts to undermine the 2016 presidential election may be over. But that does not mean the president is free from oversight.

According to Politico, Trump is still facing 15 civil and criminal probes by at least nine federal, state, and municipal agencies on everything from obstruction of justice to campaign finance violations to using his office to enrich his family and businesses. But president is not bothered by these investigations — or at least, he believes that he can use them to his political advantage.

Continue Reading
 

Breaking Banner

Meet the mysterious conservative lawyer who keeps turning up in the Russia probes

Published

on

A prominent conservative lawyer keeps showing up in dramas central to the Trump administration and its battles with Congress—and it turns out he has intimate knowledge of Felix Sater’s intelligence work for the U.S. government while he was working with Trump.

The Moscow-born Sater is the financial criminal and violent felon who worked closely with Trump for years while simultaneously serving as a long-term informant for the FBI and other national security agencies.

In 2015 and into mid-2016, Sater pushed for the development of a Trump Tower in Moscow with his old friend Michael Cohen, Trump’s longtime fixer, while trying to enlist support from the Russian government for Trump’s campaign.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link