Regulators reject Energy Secretary Rick Perry’s plan to subsidize coal and nuclear plants

Read the full story from CNBC.

Federal regulators on Monday rejected a rule proposed by Energy Secretary Rick Perry that would have subsidized coal and nuclear power plants in some parts of the United States.

However, the Federal Energy Regulatory Commission kept the issue alive by ordering the organizations that operate regional grids and power markets to submit reports to the commission on grid resilience issues in their areas.

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