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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Published in | WSJ Pro. Bankruptcy |
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Main Author | |
Format | Trade Publication Article |
Language | English |
Published |
New York
Dow Jones & Company Inc
02.04.2018
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Subjects | |
Online Access | Get full text |
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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. |
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