by Axios | Updated on 8.17.18
Countable asks: What policies do you think would best protect electrical grid security? Hit Take Action to tell your reps, then share your thoughts below. (Via: Axios)
In June, President Trump proposed a large-scale intervention by the federal government into competitive electricity markets to bail out select coal and nuclear power plants struggling to compete. The president has claimed that a bailout is justified on national security grounds.
Why it matters: President Trump’s proposal would undermine electricity markets and cost Americans billions of dollars, but do nothing to address the real security threats facing the grid.
What they’re saying: Robert Powelson, a Trump appointee who recently resigned from the Federal Energy Regulatory Commission, has said that the bailout “could potentially ‘blow up’ the markets and result in significant rate increases without any corresponding reliability, resilience or cybersecurity benefits.”
The bottom line: If the priority is to address cyber threats to the grid, the Trump administration might want to focus on the Department of Energy’s own “Multiyear Plan for Energy Sector Cybersecurity,” issued in March. That plan doesn't have provisions for propping up uneconomic power plants, but instead includes steps far more likely to get the grid where it needs to go.
David Livingston is deputy director for climate and advanced energy at the Atlantic Council’s Global Energy Center.
Written by Axios
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Trump can’t be trusted with anything. He has done nothing but steal his entire life. And lie to cover it up.
This nation's infrastructure has needed rebuilding since before the Reagan era, and the fact that we're having to bail out power companies now is only a tiny symptom of the overall disease that is Privatization. Because maintenance isn't profitable, and so unless forced to do it by the Government, or their clients (which clients cannot get the leverage to do, because regional power companies hold regional monopolies) then maintenance never gets done until the power companies get bailed out on the taxpayer dime. If the taxpayers are gonna fund the maintenance and improvement anyway, just put it back under the government's control, and let us VOTE on the board of directors!
Trump proposed a large-scale intervention by the federal government into competitive electricity markets to bail out select coal and nuclear power plants struggling to compete. This is called corporate welfare by any other name!
Enough with coal, more solar and wind energy please. Fix our electric grid, end welfare for coal and oil industries please.
No more bailouts Run your businesses correctly or turn them over to someone elsr
No bailout for failing, dirty energy companies. Put the money in renewable generation.