Energy and Environment

FERC kills Rick Perry’s grid proposal to subsidize coal, nuclear plants

By John Siciliano
Published January 8, 2018 9:48pm ET
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FERC kills Rick Perry’s grid proposal to subsidize coal, nuclear plants
FERC said Energy Secretary Rick Perry's proposal to give incentives to coal and nuclear power plants was found to be unjustified after a thorough evaluation. (AP Photo/Susan Walsh) | Susan Walsh

The Federal Energy Regulatory Commission on Monday killed a key proposal by Energy Secretary Rick Perry to subsidize coal and nuclear power plants.

The federal utility watchdog said it is “terminating” the proposal submitted to the commission by Perry, saying it was found to be unjustified after a thorough evaluation.

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Tag:

Coal Department of Energy FERC John Siciliano Nuclear Deal Power Plants Rick Perry