Trump becomes Obama 2.0 with coal bailout

Published



On Thursday, reports said the Trump administration is planning a massive intervention of the energy sector by ordering grid operators to buy electricity from coal and nuclear plants that are currently struggling to stay afloat.

In a 41-page memo obtained by Bloomberg, under a pair of federal laws, the Energy Department would exercise their emergency authority to order energy operators to purchase electricity or electric generation capacity from at-risk coal and nuclear facilities.

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