“The proposal released today is a clear recognition that reliability, resiliency, and fuel diversity are vital to our economic and national security. Coal and other baseload energy sources have attributes that are essential to the reliable delivery of electricity, and we must ensure that they remain part of our energy mix.
“From the Polar Vortex to Hurricane Harvey we’ve seen how weather and other external factors can stress our energy supply and threaten the grid. The federal government must take steps to reward energy sources that can guarantee they will be there in times of need.
“Today Secretary Perry took a bold step to protect the reliability and resiliency of our electricity infrastructure. Regulatory overreach and market challenges have led to hundreds of coal plants shutting down in the past few years. This proposal is an important move to protect existing plants and acknowledge the valuable role they play for our economy and our national security.”
The Department of Energy (DOE) requested the Federal Energy Regulatory Commission (FERC) to develop a rule that will address threats to our nation’s electrical grid reliability.
Namely, the proposed rule allows for the recovery of costs of fuel-secure (such as coal, nuclear, and hydropower) generation units frequently relied upon to make our grid reliable and resilient. Such resources provide:
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