nuclear-news

DOE’s Perry: Coal, Nuclear Must Be Saved,  Power, 06/12/2019 | Darrell Proctor  Energy Secretary  Rick Perry said coal and nuclear power must be part of the nation’s “all of the above” energy strategy, but the Department of Energy (DOE) does not have the “regulatory or statutory ability” to establish economic incentives for struggling U.S. coal and nuclear plants.Perry, who addressed the Edison Electric Institute’s (EEI’s) annual convention in Philadelphia on June 11, said the Federal Energy Regulatory Commission (FERC) would take the lead on creating incentives for any energy resource. Perry spoke with media after his address to convention delegates…….

Federal Bailout Still an Option

Perry’s comments Tuesday came after the White House Council of Economic Advisors in March released a report to the president calling for a strategic electricity reserve that could provide support to financially struggling power plants. Perry earlier that month reiterated his position that a federal bailout of coal and nuclear plants was still an option, though he said state incentives might be a better path forward.

“Each state has their own economic right to either put tax credits, tax breaks [or] incentives in place,” Perry said in response to a question about House Bill 6 in Ohio, which would provide $190 million in subsidies for nuclear power each year through 2026 …..

Some states, such as Illinois, have put legislation in place to save nuclear plants. Some energy industry groups have challenged those subsidies, though the Supreme Court in April upheld lower-court decisions that support the subsidies.

Perry also said he supports a nuclear bailout bill in Pennsylvania. He said the measure would bring “thoughtful, competitive programs where states don’t have to rely upon the federal government to support a particular industry sector.”… https://www.powermag.com/does-perry-coal-nuclear-must-be-saved/