Are Coal-Fired Power Plants Set For A Boost?

U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-fired power plants, under the guise of stabilizing the power grid. The background of the yet-to-be-passed policy dates back to April, when Perry instructed his second-in-command to develop a 60-day review that looks at how regulatory burdens, subsidies, and tax policies “are responsible for forcing the premature retirement of baseload power plants.” He also wanted to know whether wholesale energy markets adequately compensate…

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