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Department of Energy recommends bail out of failing coal plants
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| Contributor | RP |
| Last Edited | RP Jun 01, 2018 09:06am |
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| Category | Report |
| Author | Megan Geuss |
| News Date | Friday, June 1, 2018 01:10:00 PM UTC0:0 |
| Description | In a draft memo to be circulated on Friday, the Department of Energy (DOE) argues in favor of using a wartime rule called the Defense Production Act to bail out failing coal and nuclear plants, according to Bloomberg, which obtained a copy of the memo.
The memo suggests that the Energy Department could force grid operators to buy power or electric generation capacity from a list of pre-determined power plants for two years, “to forestall any future actions toward retirement, decommissioning or deactivation.”
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