FERC rejects 'multi-billion-dollar bailout' of coal and nuclear plants

FERC rejects 'multi-billion-dollar bailout' of coal and nuclear plants

The Republican-controlled Federal Energy Regulatory Commission or FERC unexpectedly and unanimously rejected Energy Secretary Rick Perry's plan to boost nuclear plants and slow down the closure of coal-powered plants. Perry spoke of "fair compensation" to stop the "imminent loss" of power generation capacity with on-site fuel supplies, mainly coal and nuclear power plants, and of "severe consequences" for the grid coming from additional shut-downs.

It directs operators of the regional wholesale power markets, also known in the United States as regional transmission organisations (RTOs) and independent system operators (ISOs), to help FERC determine whether additional action on resilience of the bulk power system is in fact needed.

Katie Niebaum, executive director of the Arkansas Advanced Energy Association, which has grown into a major promote of renewable energy and the Arkansas businesses that work in the field, called the ruling a victory for free markets.

However, the Regulatory Commission said that Perry's arguments were unfounded.

In a response to the FERC decision, Secretary Perry said that diverse fuel supply, especially with onsite fuel capability, is key for ensuring that Americans have reliable, resilient and affordable electricity and that "it is not debatable".

Murray says the recent cold snap that hit the East Coast showed coal's value, as power users in the Southeast were asked to cut back on electricity usage because of a shortage of natural gas.

"There is no evidence in the record to suggest that temporarily delaying the retirement of uncompetitive coal and nuclear generators would meaningfully improve the resilience of the grid", wrote Commissioner Richard Glick, concurring with the agency's decision to reject the proposal. As one example, he noted last week's forced shutdown of the Pilgrim nuclear power plant in MA due to a power line that failed during extreme cold weather. "It was about protecting the bank accounts of plant owners at the expense of everyday Americans". Throughout its territory, more than 40 new gas-fired generating plants are planned or operating, displacing coal-fueled plants and threatening nuclear plants.

Who is Har Gobind Khorana, today's Google Doodle
Meanwhile, those in the Middle East will see a Doodle celebrating the 82nd birthday of Arabic poet and radio host Farouk Shousha. He joined the faculty of the Massachusetts Institute of Technology in 1970, where he would remain until his retirement in 2007.

Rather than driving up energy prices to support coal, the administration should ensure the flexibility of the grid to provide power based on the best current and future technology, at the best price for consumers. Tech giant Apple weighed in Monday against the proposal, saying it would inhibit innovation and competition and interfere with plans to increase use of "clean energy" such as wind and solar power.

Left unsaid: One of Trump's largest financial backers, and perhaps the loudest advocate in his ear for coal country, Robert Murray, would have benefitted massively from the rule.

"I fear that we will now immediately observe the announcement of further decommissioning of nuclear and coal-fired electricity generation that will further exacerbate this critical situation", Mr. Murray added.

"The Commission's endorsement of markets does not conflict with its oversight of reliability, and the Commission has been able to focus on both without compromising its commitment to either", the FERC said in an order.

A spokesman for Murray Energy declined to comment Monday.

"They voted 5-0 to address resiliency".

Related News:

  • Singapore Airlines says options open on Air India disinvestment

    Singapore Airlines says options open on Air India disinvestment

    Overseas investment policy has also been liberalised in case of power exchanges, an online platform where electricity is traded. He said in a statement that the CAIT would soon declare a nationwide strategy to oppose the "brutal move" by the government.
    Where To Watch 'Big Little Lies,' 'Handmaid's Tale' And More — Golden Globes

    Where To Watch 'Big Little Lies,' 'Handmaid's Tale' And More — Golden Globes

    Nicole Kidman has 4 children and this is the Second Time she has made reference at a win to her two daughters", a viewer tweeted . The veteran concluded her speech with the following message of gratitude to her co-stars, colleagues and loved ones 'Bless you.
    Supreme Court modifies 2016 order, says National Anthem not mandatory in theatres

    Supreme Court modifies 2016 order, says National Anthem not mandatory in theatres

    While few theatre owners say they will discontinue playing national anthem, others say they will play national song Vande Mataram. The bench had further stated that an Indian doesn't need to wear his patriotism on his sleeves.
  • CES 2018: LG's Google Assistant Ready Smart Display Revealed

    CES 2018: LG's Google Assistant Ready Smart Display Revealed

    B&O also announced AirPlay 2 support is coming to 10 devices including the Beoplay M3 , M5 and A9 mk2 and Beosound range. LG made a decision to use Meridian Audio and add an 8-inch touchscreen display and a front-facing camera on this device.
    Pokémon Go will drop support for some Apple devices next month

    Pokémon Go will drop support for some Apple devices next month

    The iPad 4th gen, iPad 3rd gen, iPad mini 1st gen, and iPad 2 (2011) will no longer be able to play the game after this update . Currently Ex-Raid's are the only way for players to fight and capture Legendary Raid Boss Mewtwo.
    Lena Dunham, Jack Antonoff split after five years of dating

    Lena Dunham, Jack Antonoff split after five years of dating

    It was only a few months ago in October when Dunham wrote lovingly of Antonoff on Variety , saying he taught her the importance of making political statements, among other things.
  • Is Akash Dadlani out of Bigg Boss?

    Is Akash Dadlani out of Bigg Boss?

    When Vikas starts waxing, Shilpa and the others start complaining that it doesn't look mean but Vikas eventually wins the task. While Hina and Shilpa are two of the most popular contestants, Vikas is also a tough contender, and has a good fan base.
    OJ Simpson shuts down those reports that he's Khloe Kardashian's real dad

    OJ Simpson shuts down those reports that he's Khloe Kardashian's real dad

    In 2012 she told " Good Morning America ", "It just gets weirder and weirder: I have never heard such crap in my life". Simpson was granted parole in July 2017, and he was officially released in October 2017.
    Calvin Ridley and Da'Ron Payne entering NFL Draft

    Calvin Ridley and Da'Ron Payne entering NFL Draft

    I am so grateful and so blessed to have been a part of a MIGHTY ROLLING TIDE, THAT WILL KEEP ON ROLLING AND ROLLING FOREVER. I must take a moment to express my heartfelt appreciation to my family for all of their support through the years.
  • Seth Meyers Nailed His Golden Globes Monologue

    Seth Meyers Nailed His Golden Globes Monologue

    Quoth Meyers: "The only name that could make him angrier is the Hillary Mexico Salad Association". Meyers then took aim at Golden Globe and Oscar victor Spacey.
    Pirates Agree To Trade Gerrit Cole To Astros

    Pirates Agree To Trade Gerrit Cole To Astros

    The Houston Astros have agreed to a deal for Pittsburgh Pirates ace Gerrit Cole , according to Jon Morosi of MLB Network . In five years with the Pirates, Cole has a 59-42 record with a 3.50 ERA, averaging 156 innings a season in 127 starts.
    Matt Patricia destined to be New York Giants head coach?

    Matt Patricia destined to be New York Giants head coach?

    If Patricia does go to the Giants , watch out for Texans assistant and former Patriots linebacker Mike Vrabel in Detroit. Leonard said Patricia is expected to be named as the next coach of the Giants , replacing the fired Ben McAdoo.


Most liked

Celeno delivers 802.11ax Wi-Fi solution
But the chips also have to make their way down to smaller devices, like laptops and phones , which will take longer. Chipsets upgraded to 802.11ax will also offer backward compatibility with existing Wi-Fi technologies.

Sony Xperia XA2 vs XA2 Ultra: What's the difference?
The Sony Xperia XA2 will be available soon in silver, black, blue and pink and in dual-SIM and single-SIM variants. And then there's the Xperia L2 - the unassuming entry-level Xperia, that grew out of the now defunct E-series.

Disney star details shock childhood sex abuse
The former Disney stare posted a heartbreaking message on Instagram , revealing that the abuse was one of her earliest memories. Thorne also spoke out on Twitter , writing, "I never knew what was right or wrong growing up".

First Assassin's Creed Origins Expansion Comes Out Later This Month
Once that's over, players will be able to take on the devious Sobek from January 23 to January 30. The update will also allow Bayek to sell outfits at Weaver shops, and add one free quest.

Facebook pulls the plug on its virtual assistant 'M'
Facebook's virtual assistant was pretty unique compared to the rest of the digital assistants on the market. AdNews received access to M for a few weeks past year and found its restaurant suggestions helpful.

Four cricketers arrested for 'respecting' Pakistan national anthem
Another police official informed that the two teams have been booked under Section 13 of the Unlawful Activities Act. In the video, the players were seen wearing the green jerseys of Pakistan's national team, the daily added.

New Toyota-Mazda factory to be built in Alabama
Their decision to locate this new facility in Huntsville is a testament to the talented workforce in our state. The person didn't want to be identified because the decision hasn't been made public.

Uproar in Hollywood over Williams-Wahlberg pay gap
Williams previously told USA Today she appreciated efforts to reshoot the film, which recounts the kidnapping of oil tycoon J. Scott said he and Williams refused to get paid and that he only needed to pay Plummer and the crew.

7.6-magnitude natural disaster strikes off the coast of Honduras
"Amazing trip to #Cancun ended last night with our condo shaking like insane as a result of an quake off the coast of Honduras". The reports that the 7.6 magnitude makes this one of the most powerful earthquakes to hit the Caribbean in modern day history.

Flu season hits early, hard in Texas
There have been 3,854 total flu-associated hospitalizations in OH since flu season began last October, according to ODH. If you experience flu-like symptoms, stay home 24-48 hours after symptoms resolve, unless you are seeking medical care.

Packers to name ex-Browns coach Mike Pettine defensive coordinator
Pettine eventually worked his way up to become a defensive assistant, and later an outside linebackers coach in Baltimore. The Packers are set to hire Mike Pettine as their defensive coordinator, reports ESPN's Adam Schefter.

Sen Feinstein Release of Fusion GPS Testimony Disgrace, Possibly Illegal
Dianne Feinstein is learning what it's like to be on the receiving end of President Trump's fury. Sheldon Whitehouse and Richard Blumenthal sent a letter to Republican Sen.

Cleveland Browns add Green Bay Packers execs Wolf, Highsmith to front office
The Browns finished the regular season without a victory and are now 1-31 in the last two seasons under head coach Hue Jackson. Owner Jimmy Haslam will surely be hoping Dorsey and Wolf can lead the Browns back to respectability with haste.

Rakesh Roshan announces next film in Krrish series on son Hrithik's birthday
However, while both films saw Hrithik in an anti-hero role, the layers of his performance is different in each of the two films. However, Hrithik Roshan received a surprise birthday wish from none other than Malayalam superstar Mohanlal.

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.