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Koch brothers are usa citizens
HELP THEM OUT
What a bunch of feckless c8nts.
Anything to benefit the Koch brothers, right?
https://www.bloomberg.com/news/artic...lants-jhv94ghlTrump 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.
Koch brothers are usa citizens
HELP THEM OUT
Handouts good now.
you people want to help others out but since it is Koch brothers speculations that is BAD NOW
HELP THEM OUT!
Were all those coal plants destroyed by hurricanes?
they were destroyed buy man made disaster OMAMA!
OMAMA made natural gas cheaper and coal obsolete?
That's pretty awesome if true.
(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.
not to mention energy self-sufficiency for the foreseeable future...not that i would go that far...
We want to help out poor people not billionaires. In my case case poor people who are hard working and have jobs
Command economy good now. MAGA!
Under one proposal outlined in the memo, which was reported by Bloomberg, 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, 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 (PDF) by Robbie Orvis, director of energy policy design at Energy Innovation.
Burn this idiot’s fckn stupid ideas and we no longer need the sun.
hey, aren't there disasters in Flint and PR?
hmm, Trump apparently didn't succeed in turning things around for coal
as in many things, Trump was all hat and no cattle
https://insideclimatenews.org/news/1...irement-plans/Coal was used to generate 16 percent of U.S. electricity in 2023, down by more than half from 2014. In that time, coal went from the country’s leading fuel for electricity to trailing natural gas, renewables and nuclear. (These and all the figures that follow are from the U.S. Energy Information Administration.)
The United States had about 176,000 megawatts of coal plant capacity as of October, down from about 300,000 megawatts in 2014.
The coal plants that do remain are being used less. In 2023, theaverage capacity factor for a coal plant was 42 percent. Capacity factor is a measure of how much electricity a plant has generated relative to the maximum possible if it was running all the time. In 2014, the average capacity factor was 61 percent.
Retconning the war on coal
Trump's COVID super dole administrator BlackRock says it was a passive investor, but a Texas judge says it can be sued for colluding to stifle compe ion
Trump trying to restore the US technical base to the 19th century is in keeping with his ignorant nostalgia for the gilded age and his overall effort to fight the Civil War and the US War of Independence in reverse
Read more at: https://www.law360.com/articles/2372482?copied=1U.S. District Judge Jeremy D. Kernodle wrote in a Friday opinion that Texas and several other states sufficiently alleged that the asset managers, including BlackRock, State Street Corp. and Vanguard Group Inc., acquired substantial holdings in publicly held coal producers and then used their market power to force the producers to lower their coal output. The asset managers argued that they were merely passive investors and that no plausible agreement exists, and thus they are shielded from the claims, but Judge Kernodle disagreed and denied their motion to dismiss.
"Defendants claim that they are en led to the statutory safe harbor for passive investors," he said. "But the safe harbor is unavailable to investors who, as defendants allegedly did, use their stock through proxy voting or otherwise to bring about or attempt to bring about the substantial lessening of compe ion."
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