By Tim Pearce
President Donald Trump has order Energy Secretary Rick Perry to act immediately to save struggling coal and nuclear plants in the U.S., Bloomberg reported.
“Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our power grid,” White House spokeswoman Sarah Sanders said in a statement Friday, according to Bloomberg.
Trump instructed Perry “to prepare immediate steps to stop the loss of these resources and looks forward to his recommendations,” Sanders said.
A coalition of energy industry interests, including natural gas and oil and renewables, have voiced opposition to a Tuesday draft plan to bail out the other, struggling energy sectors.
“The administration’s draft plan to provide government assistance to those coal and nuclear power plants that are struggling to be profitable under the guise of national security would be unprecedented and misguided,” Todd Snitchler, American Petroleum Institute’s market development group director, said in a statement.
Propping up energy sources that are not cost-effective will result in higher energy prices for consumers, Snitchler added.
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