In Austin, Energy Secretary Perry Pushes For Coal And Nuclear Bailout
Energy Secretary Rick Perry spoke in Austin today {June 4} about a new Department of Energy plan to bail out failing coal and nuclear power plants in the name of national security.
The former Texas governor said these plants keep their fuel on-site, making them more resilient in the event of an attack or natural disaster.
“The president is right to view grid resilience as a serious national security issue," Perry told attendees at the Department of Energy conference on cybersecurity. "And he’s directed me to prepare immediate steps to stop the loss of these critical resources.”
Since taking over the federal agency, Perry has been trying to find ways to subsidize coal and nuclear plants, long in decline in the face of competition from cheap natural gas and renewable energy.
Read more: http://kut.org/post/austin-energy-secretary-perry-pushes-coal-and-nuclear-bailout
Cross-posted in the Texas Group.
