An independent federal commission terminated a Trump administration proposal that would have propped up struggling coal and nuclear plants.
On Monday, the Federal Energy Regulatory Commission — an independent body with both Republican and Democratic members – unanimously rejected the Department of Energy’s “Grid Resiliency Pricing Rule.”
The plan would have forced grid operators to guarantee “full recovery of costs” plus “a fair rate of return” to power plants that can keep 90 days of fuel on-site. Only coal and nuclear plants can do that.