Nuclear, coal bailout worth any cost ‘to keep America free’ -US energy chief


Nuclear, coal bailout worth any cost ‘to keep America free’ -US energy chief

U.S. Energy Secretary Rick Perry said on Thursday that bailing out struggling coal and nuclear power plants is as important to national security as keeping the military strong, and that the cost to Americans should not be an issue.

“You cannot put a dollar figure on the cost to keep America free,” he told reporters at a press conference in Washington, when asked how much the administration’s effort to extend the lives of the facilities would cost. When asked about the cost of a potential bailout, he said he did not yet know.

“We look at the electricity grid as every bit as important to (national security) as making sure we have the right number of ships, aircraft and personnel,” he said. “What is your freedom worth?”

President Donald Trump ordered the DOE to take emergency measures to slow the retirements of coal and nuclear power plants, arguing those kinds of facilities can store months of fuel on site and therefore withstand supply disruptions that could be caused by storms, hacks, or physical attacks. Read More

Leave a Reply

Your email address will not be published.