Jennifer Diouhy is a Bloomberg reporter.
Breaking: 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 would represent an unprecedented intervention into U.S. energy markets.
— Jennifer A. Dlouhy (@jendlouhyhc) June 1, 2018
Administration officials are still deciding on what – if anything – to do. This memo represents the DOE's latest, most fully developed plan to intervene on behalf of coal & nuclear power plants, pitched to Trump's top national security advisers.
Memo here: https://t.co/sWOxvyL8Xe— Jennifer A. Dlouhy (@jendlouhyhc) June 1, 2018
The project that Trump proposes is not only unprecedented, the very idea is antiquated and absurd and Schwarzenegger says as much.
I eagerly await the administration’s regulations protecting pagers, fax machines, and Blockbuster. https://t.co/ykLJHT4OvK
— Arnold (@Schwarzenegger) June 1, 2018
This particular idiotic move of Trump’s is buried in the news cycle under the trade agreement debacle and the Roseanne/Samantha Bee fracas, but it is costly and this won’t end well.
