President Trump Is Ready To Invoke An Emergency Rule!

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President Trump is considering an emergency rule that will offer aid to some coal plants – essentially allowing them to charge more for their goal.

From Bloomberg.com: After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said.

The approach would require Rick Perry to use his authority as U.S. energy secretary to spur emergency compensation for coal plants run by FirstEnergy Solutions that may be at risk of shutting, said the people, asking not to be identified because the information isn’t public. Some Energy Department officials are weighing this option after federal regulators rejected a proposal by Perry last month to pay coal plants more for their “resilience,” they said. FirstEnergy hasn’t formally requested the aid, one of the people said.

President Trump is considering an emergency rule that will offer aid to some coal plants – essentially allowing them to charge more for their goal.

From Bloomberg.com: After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said.

The approach would require Rick Perry to use his authority as U.S. energy secretary to spur emergency compensation for coal plants run by FirstEnergy Solutions that may be at risk of shutting, said the people, asking not to be identified because the information isn’t public. Some Energy Department officials are weighing this option after federal regulators rejected a proposal by Perry last month to pay coal plants more for their “resilience,” they said. FirstEnergy hasn’t formally requested the aid, one of the people said.

H/T Bloomberg

The post President Trump Is Ready To Invoke An Emergency Rule! appeared first on World Politicus.


Source: Politicus

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