Subsidy plan for coal and nuclear plants ‘will cost US taxpayers $10.6bn a year’
Non-partisan analysis reveals the cost of energy secretary Rick Perry’s proposal to give handouts to some of the country’s oldest and dirtiest power plants
A Trump administration plan to subsidize coal and nuclear energy would cost US taxpayers about $10.6bn a year and prop up some of the oldest and dirtiest power plants in the country, a new analysis has found.
The Department of Energy has proposed that coal and nuclear plants be compensated not only for the electricity they produce but also for the reliability they provide to the grid. The new rule would provide payments to facilities that store fuel on-site for 90 days or more because they are “indispensable for our economic and national security”.