- Aug 21, 2003
Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets.
The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators to purchase electricity or electric generation capacity from at-risk facilities, according to a memo obtained by Bloomberg News. The agency also is making plans to establish a "Strategic Electric Generation Reserve" with the aim of promoting the national defense and maximizing domestic energy supplies.
The Energy Department would be relying partly on the Federal Power Act -- the so-called Section 202 authority -- that lets the administration order guaranteed profits for power plants that can store large amounts of fuel on site. And the Energy Department would be tapping the 68-year-old Defense Production Act, a Cold War-era statute once invoked by President Harry Truman to help the steel industry.
https://www.bloomberg.com/news/articles/2018-06-01/trump-said-to-grant-lifeline-to-money-losing-coal-power-plants-jhv94ghlThe issue is a priority for some of the president’s top supporters, including coal moguls Robert E. Murray and Joseph Craft of Alliance Resource Partners, who donated a million dollars to the president’s inauguration. The move would be one of the most direct efforts by Trump to make good on campaign promises to revive the nation’s shrinking coal industry.
A bailout for a narrow set of interests who happened to contribute heavily to Trump's campaign what will be paid for in the billions by utility customers directly and indirectly. The national security argument is bullshit.
Republicans who don't care if he does this should probably remember that there won't be a Republican in the White House for the rest of eternity. If he's allowed to abuse his powers in such ways there will be nothing stopping the next person who they might not ideologically align with.