Trump adminstration set to order utilities to buy coal power

[RandomGuy]

What a bunch of feckless c8nts.

Anything to benefit the Koch brothers, right?


Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets.

The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators to purchase electricity or electric generation capacity from at-risk facilities, according to a memo obtained by Bloomberg News. The agency also is making plans to establish a “Strategic Electric Generation Reserve” with the aim of promoting the national defense and maximizing domestic energy supplies.

https://www.bloomberg.com/news/articles/2018-06-01/trump-said-to-grant-lifeline-to-money-losing-coal-power-plants-jhv94ghl

[ducks]

Koch brothers are usa citizens
HELP THEM OUT

[Pavlov]

Koch brothers are usa citizens
HELP THEM OUTHandouts good now.

[ducks]

you people want to help others out but since it is Koch brothers speculations that is BAD NOW

[Winehole23]

HELP THEM OUT!

[Pavlov]

you people want to help others out but since it is Koch brothers speculations that is BAD NOWWere all those coal plants destroyed by hurricanes?

[ducks]

they were destroyed buy man made disaster OMAMA!

[Pavlov]

they were destroyed buy man made disaster OMAMA!OMAMA made natural gas cheaper and coal obsolete?

That's pretty awesome if true.

[RandomGuy]

they were destroyed buy man made disaster OMAMA!

(facepalm)

Obama allowed the fracking boom that caused natural gas production to go through the roof.

Coal power plants are OLD, generally and needed to be replaced.

Power companies had to decide what to spend their money on, coal, gas, or something else.

Gas is cheaper than coal per unit of energy in many places.

It's not hard.

But if you want to give Obama credit for creating all those jobs... good.

[Winehole23]

not to mention energy self-sufficiency for the foreseeable future...not that i would go that far...

[AaronY]

you people want to help others out but since it is Koch brothers speculations that is BAD NOW
We want to help out poor people not billionaires. In my case case poor people who are hard working and have jobs

[Winehole23]

Command economy good now. MAGA!

[ElNono]

Under one proposal outlined in the memo, which was reported by Bloomberg (https://www.bloomberg.com/news/articles/2018-06-01/trump-said-to-grant-lifeline-to-money-losing-coal-power-plants-jhv94ghl), the Department of Energy would order grid operators to buy electricity from struggling coal and nuclear plants for two years, using emergency authority that is normally reserved for exceptional crises like natural disasters. That idea triggered immediate blowback from a broad alliance of energy companies, consumer groups and environmentalists. On Friday, oil and gas companies joined with wind and solar organizations in a joint statement condemning the plan (http://www.api.org/news-policy-and-issues/news/2018/06/01/oil-wind-solar-condemn-action-to-subsidize-failing-coal-nuclear-plants), saying that it was "legally indefensible" and would force consumers to pay more for electricity.

The administration has also discussed invoking the Defense Production Act of 1950, which allows the federal government to intervene in private industry in the name of national security. (Harry S. Truman used the law to impose price controls on the steel industry during the Korean War.) If the Trump administration were to invoke these two statutes, the move would almost certainly be challenged in federal court by natural gas and renewable energy companies, which could stand to lose market share.Such an intervention could cost consumers between $311 million to $11.8 billion pear year, according to a preliminary estimate (http://energyinnovation.org/wp-content/uploads/2017/12/20171025_Resilience-NOPR-Cost-Research-Note-UPDATED.pdf) (PDF) by Robbie Orvis, director of energy policy design at Energy Innovation.

[pgardn]

Burn this idiot’s fckn stupid ideas and we no longer need the sun.

[leemajors]

hey, aren't there disasters in Flint and PR?