U.S. nuclear, coal plant bailout plan still being 'fleshed out': Perry

[DonViejo]

Source: Reuters



U.S. LEGAL NEWS JUNE 15, 2018 / 11:37 AM / UPDATED 4 HOURS AGO

Reuters Staff

BARILOCHE, Argentina (Reuters) - A plan requested by U.S. President Donald Trump to prevent struggling nuclear and coal power plants from shutting is still being “fleshed out” by the U.S. Department of Energy (DOE) and the White House, Energy Secretary Rick Perry said on Friday.

Trump on June 1 directed Perry to take emergency steps to keep nuclear and coal plants running, in what would amount to an unprecedented intervention in U.S. power markets that has drawn backlash from environmentalists as well as oil, gas and renewable energy companies.

“This is not just singularly an economic issue,” Perry told reporters at the G20 Energy Ministers’ meeting in Bariloche, Argentina, citing risks of cyberattacks by “nefarious actors” or “terrorist groups” on the civilian electric grid, which also provides U.S. military bases with nearly all their power.

According to the DOE, cyber and physical threats are “minimized” at nuclear and coal plants because they can store months of fuel on site to survive a supply cut. Some experts have said coal infrastructure is just as susceptible to cyber attacks as natural gas pipelines.





Read more: https://www.reuters.com/article/us-argentina-g20-energy-usa/u-s-nuclear-coal-plant-bailout-plan-still-being-fleshed-out-perry-idUSKBN1JB23V?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reuters+Politics+News%29

[LastLiberal in PalmSprings]

1. Two words: free market

Isn't the GOP always telling us the law of the jungle applies to markets? Once again they're proving themselves to be liars. Privatize profits, socialize losses is the order of the day.

[modrepub]

3. Winston Churchill

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

[Turbineguy]

2. "Fleshed out"

It will look like Jabba the Hut.

[dembotoz]

4. In the nuclear section skin keeps peeling off

[bucolic_frolic]

5. Sure isn't a jobs issue like GM and Chrysler

Lots of companies and technologies fail. That's why we still don't use whale blubber or kerosene for lighting. Free market.

[Nitram]

6. Good luck with that "fleshing out." There is no plan that gets around the fact that coal and nuclear

power are a waste of money. Even Trump supporters, except for coal miners and nuclear plant operators, could see through that.