Trump Administration Is Weighing Emergency Aid for Some Coal Plants
Source: Bloomberg News
By Catherine Traywick , Jennifer A Dlouhy , and Ari Natter
February 8, 2018, 8:34 PM EST Updated on February 9, 2018, 7:00 AM EST
After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said.
The approach would require Rick Perry to use his authority as U.S. energy secretary to spur emergency compensation for coal plants run by FirstEnergy Solutions that may be at risk of shutting, said the people, asking not to be identified because the information isnt public. Some Energy Department officials are weighing this option after federal regulators rejected a proposal by Perry last month to pay coal plants more for their resilience, they said. FirstEnergy hasnt formally requested the aid, one of the people said.
When asked to confirm the talks, agency spokeswoman Shaylyn Hynes said that is not correct information but declined to provide further detail. The Energy Departments press department later posted on Twitter that sources were misinformed on the consideration.
The FirstEnergy Solutions plants in question were at the heart of the Trump administrations plan to compensate nuclear and coal generators more for their power. The proposal was rejected last month by members of the Federal Energy Regulatory Commission that Trump appointed who said it would violate U.S. law.
Read more: https://www.bloomberg.com/news/articles/2018-02-09/rick-perry-is-said-to-be-weighing-another-way-to-save-coal-units
pandr32
(11,548 posts)That era is over. The rich coal barons don't need any more money.
BumRushDaShow
(128,384 posts)"Emergency Aid" is "waste" or "welfare".
dixiegrrrrl
(60,010 posts)I hope this gets HUGE pushback.
Wellstone ruled
(34,661 posts)wants his million dollar donation back ten fold. You could see this coming. With Southern Company about to go up side down over their 7 Billion Nuke plant that is not going to get finished.
dalton99a
(81,391 posts)Wellstone ruled
(34,661 posts)prison for causing the Deaths of 26 miners in Utah.
dalton99a
(81,391 posts)mahatmakanejeeves
(57,283 posts)dalton99a
(81,391 posts)Weed Man
(304 posts)he just got a new job that will set him up for life.
Bob Murray is at the deaths door, and he will be signing out this year. Can't take your goddamn ill-gotten goods with you to Hell. It does not transfer.
keithbvadu2
(36,640 posts)KY_EnviroGuy
(14,488 posts)(snip)
You don't bring nothing with you here
And you can't take nothing back
I ain't never seen a hearse, with a luggage rack.
-------------
Good song, see:
This is one you have to hear on a big system to appreciate. Some of the best pickers on the planet such as Brain Sutton and Brent Mason happened to play on this one.
..........
Ramsey Barner
(349 posts)failing to enrich big Republican donors who run dying industries, so they now have to rely on government handouts.
Cryptoad
(8,254 posts)IronLionZion
(45,380 posts)and 4.3 million retail workers. But of course it's better to bail out these few folks in a dying industry but not raise minimum wage for the millions of workers who would promptly spend it in their communities and stimulate their local economies.
RandomAccess
(5,210 posts)KY_EnviroGuy
(14,488 posts)the coal-fired plants and in coal transportation. A few of those are being retrained and/or relocated to run the new gas turbines.
However, most of those folks would also be excellent employees for building grid-level solar systems, high-speed rail and wind generation systems. Just requires a plan, some organization and funding, and the will. That's what the Department of Energy should be doing, IMO.
I do agree about the minimum wage to help keep our retail and community social spaces from dying.
IronLionZion
(45,380 posts)I get it. It's a difficult situation but there are opportunities for other jobs and training in other fields that are often free or low cost at community colleges. I moved away at 18. I still did jobs that literally had no other US citizens working there but I managed somehow.
My friend's dad made him work in the mines during summers in high school specifically to see how difficult it is physically so that he would be motivated to study to do something else. Even uneducated mining families knew 20 years ago that coal was a dying industry and wanted their kids to learn something else. Even now, I have several coworkers whose families are still in West Virginia and Kentucky and had coal histories but wanted their kids to do something else.
The people working in the plants and transportation would have transferable skills to transport other stuff.
I firmly believe the subsidies are only delaying the inevitable for a very short term. That money is better used in retraining them for a different field in the skilled trades: plumbing, electrical, welding, construction, etc.
KY_EnviroGuy
(14,488 posts)Did a lot of service jobs up and down the Ohio before retiring, mainly chemical and power plants and mills. Good work ethic, so these folks can adapt. Never forget seeing the shuttered industries and desperate communities on the river, including in Pittsburgh.
That's why it's so important for us to re-capture our government so it works to help people first rather than corporate interests. Corporate America and international corps have shown us hundreds of times that they could care less about people laid off, as plants, stores and mines close to enhance corporate interests.
We should be a taking preemptive smart approach as an industry begins to struggle and start the process of retraining, and give folks basic support until they can make it again on their own. Further, the companies causing the dilemma should be required to help.
tRump did America a terrible disservice by implying that the coal industry can be revived. Having working in many of these plants, I know they are very capital investment intensive in that they require very expensive annual maintenance costs, and then there's the issue of ash disposal that really never has been addressed. Those are among the reasons natural gas drove the last nail in that coffin.
kimbutgar
(21,040 posts)I hate as a tax payer having to subside a dying industry while wind, solar and geothermal should be our future endeavors.
thucythucy
(8,037 posts)It's not some antiquated industry that's dying on Puerto Rico, it's people.
Cryptoad
(8,254 posts)might as well be in the King Coal Biz,,,,,,,,that the nice part abt being a Rethug, if ur Biz as a whole starts going under, Gubermint will bail u out!
KY_EnviroGuy
(14,488 posts)Weed Man
(304 posts)Let the coal assholes die, and they suck on the pollutants that they make.
Solar and wind, forever!
sinkingfeeling
(51,436 posts)lark
(23,059 posts)All he does is break and bend the law for his own personal pleasure and profit and to help his BFF (ahem, master) Vladie.
TranssexualKaren
(364 posts)Intelligent bees are going to dig up the remains of our civilization and say God! Were they dumb!!!
TranssexualKaren
(364 posts)Remember the way that the Soviet Union kept plants open that only produced left shoes just to make sure everyone had work. This is actually worse!
Still In Wisconsin
(4,450 posts)so glad we're subsidizing the destruction of the planet.
eppur_se_muova
(36,247 posts)Vinca
(50,236 posts)Bleacher Creature
(11,250 posts)KY_EnviroGuy
(14,488 posts)Oh wait...we're already subsidizing tRump properties.
Oneironaut
(5,479 posts)lets heavily discourage use of the new, better technology so that I can take the votes of a small, niche segment of the population... Coal is coming back, baby (disclaimer: it isnt)!
Also, anyone looking to employ a new elevator operator?
MissMillie
(38,527 posts)where Trump and Perry stood on the bailout of the auto industry