Energy Secretary Rick Perry proposes rule to bail out coal and nuclear

By Kelsey Misbrener The U.S. Department of Energy released the following press release on September 29:
U.S. Secretary of Energy Rick Perry formally proposed that the Federal Energy Regulatory Commission (FERC) take swift action to address threats to U.S. electrical grid resiliency. Pursuant to his authority under Section 403 of the Department of Energy Organization Act, the Secretary urged the Commission to issue a final rule requiring its organized markets to develop and implement reforms that would fully price generation resources necessary to maintain the reliability and resiliency of our nation’s grid.
“A reliable and resilient electrical grid is critical not only to our

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