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Houston Chronicle: Perry's bailout plan could cost more than $34 billion, study says

Posted by James Osborne on Jul 18, 2018

This Houston Chronicle article looks at the newly released Brattle Group Report, which estimates the costs of the current administration's coal bailout at $34 billion. AEE with funding from a coalition commissioned the report. Link to the full article here. Link to The Brattle Group Report here. Excerpts below:

A Department of Energy proposal to bail out struggling coal and nuclear power plants would cost $34 billion, according to a new study commissioned by a coalition of energy and technology companies opposing the plan.

The analysis, by Massachussetts-based research firm The Brattle Group, looked at the costs associated with keeping the U.S. coal and nuclear fleets operating as is for the next two years

The study was commissioned by groups including American Petroleum Institute, Advanced Energy Economy and American Wind Energy Association, after the leak of a memorandum from the Department of Energy calling for the White House to use national security powers to save coal and nuclear plants.

Energy Secretary Rick Perry has been championing such actions since last year, arguing the shutdowns theater the stability of the nation's power grid.

Link to the full HC article here.

Topics: AEE In The News