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Energy industries unite in urging Federal Energy Regulatory Commission to reject govt support to coal, nuclear

Behind the Backlash to Energy Secretary Rick Perry’s Demand for Coal-Nuclear Market Intervention, Almost everyone outside the coal and nuclear industries wants FERC to turn down DOE’s grid market rule. Here’s why.

Greentech Media, by Jeff St. John , October 05, 2017 Energy Secretary Rick Perry’s demand for market-disrupting price supports for coal and nuclear power plants has broken multiple rules for how energy policy is made, from upending the facts to subverting regular order. And it’s being pushed through on a hyper-fast, 60-day review period that’s not only unjustified by the Department of Energy report it cites as justification, but “practically and legally impossible” to meet.

This is a collection of the critiques that have emerged since Friday’s shock DOE filing with the Federal Energy Regulatory Commission. In a rarely used notice of public rule making (NOPR), DOE asked FERC to create market rules to provide compensation for power plants that, among other features, have a 90-day supply of fuel on hand — something that only coal and nuclear power plants can do.

The NOPR cited the grid reliability study ordered by Perry in April to argue that baseload power plants need compensation to shore up grid reliability. But as we covered when it was released in July, the report doesn’t actually support that conclusion, stealing some of the thunder from clean energy and environmental groups’ arguments that the report was a Trojan horse for pro-coal and nuclear power policies all along.

Friday’s NOPR seems to have vindicated those views, however, as well as drawing the fire of a much broader coalition of energy industry players. On Tuesday, FERC received a joint motion from a coalition representing literally every sector of the energy economy except coal and nuclear power, asking it to deny DOE’s request for an interim final rule to take effect within 60 days, and to extend the comment period out to at least 90 days. ……..https://www.greentechmedia.com/articles/read/behind-the-backlash-to-energy-secretary-rick-perrys-demand-for-coal-nuclear#gs.COMQYYw

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October 6, 2017 - Posted by | business and costs, politics, USA

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