Trump Faces Test on Coal With FirstEnergy Appeal; Utility's plea for government help forces the president's team to choose between competing factions of energy industry

The result is that coal- and nuclear-power plant operators are struggling, creating political pressure for federal and state leaders to consider bailouts or tax incentives to slow that shift and to stop even more plants from closing. FirstEnergy's request would force the market's biggest g...

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Bibliographic Details
Published inWSJ Pro. Bankruptcy
Main Author Puko, Timothy
Format Trade Publication Article
LanguageEnglish
Published New York Dow Jones & Company Inc 02.04.2018
Subjects
Bailouts
Bankruptcy
Coal industry
Coal-fired power plants
Electricity
Electricity distribution
Energy industry
Gas industry
Natural gas
Perry, Rick
Political campaigns
Trump, Donald J
West Virginia
Mid-Atlantic states
United States > US
Ohio
Pennsylvania
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Summary:The result is that coal- and nuclear-power plant operators are struggling, creating political pressure for federal and state leaders to consider bailouts or tax incentives to slow that shift and to stop even more plants from closing. FirstEnergy's request would force the market's biggest grid operator, PJM Interconnection LLC, which helps transmit power to homes and businesses from Newark, N.J., to Chicago, to take supply from nuclear and coal-fired plants. Mr. Perry had made a similar proposal in September, ordering a review at the Federal Energy Regulatory Commission, which oversees interstate, wholesale power markets. in a unanimous ruling, concluding the Trump administration hadn't proved an imminent threat to the grid's reliability.