Power Line
John Hinderaker
June 2, 2018
Like most news stories these days, it is based on a leak, in this case of a memorandum that you can read here. NPR’s report is typical: “President Trump Orders Help For Coal And Nuclear Plants.â€
President Trump has ordered Energy Secretary Rick Perry to take immediate steps to help financially troubled coal and nuclear power plants.
A draft plan marked “confidential†is being circulated around Washington. No one from the Trump administration has confirmed to NPR that the draft is an official document.
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Coal and nuclear plants are in trouble because across much of the country they’re having trouble competing with cheaper forms of electricity generated by natural gas and renewable energy.Renewable energy is “cheaper†only intermittently, and only because of massive federal subsidies and state renewable energy mandates. Warren Buffett, one of the largest investors in wind energy, says:
(O)n wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.More...
http://www.powerlineblog.com/archives/2018/06/trump-administration-may-support-coal-and-nuclear-power.php
