A decision by an independent energy agency to reject the Trump administration’s plan to bolster the coal industry could lead to more closures of coal-fired power plants and the loss of thousands of jobs, a top coal executive said Tuesday.
Robert Murray, CEO of Ohio-based Murray Energy Corp., called the action by the Federal Energy Regulatory Commission “a bureaucratic cop-out” that will raise the cost of electricity and jeopardize the reliability and security of the nation’s electric grid.
“While FERC commissioners sit on their hands and refuse to take the action directed by Energy Secretary Rick Perry and President Donald Trump, the decommissioning of more coal-fired and nuclear plants could result, further jeopardizing the reliability, resiliency and security of America’s electric power grids,” Murray said. “It will also raise the cost of electricity for all Americans.” Read More…
Latest posts by energy.economictimes.indiatimes.com (see all)
- New IL&FS board’s rescue plan may follow old team’s ‘prescription’ - October 4, 2018
- Oil falls as Saudi and Russia quietly agree output rise, US stocks swell - October 4, 2018
- French minister Brune Poirson co-chairs first assembly of ISA - October 4, 2018