FERC Rejects Perry’s Power Plan
WASHINGTON, D.C. – The Federal Energy Regulatory Commission today rejected a Department of Energy proposal to change electricity market rules that would have bailed out failing nuclear and coal plants projects.
In response, Damon Moglen, Senior Strategic Advisor for Friends of the Earth, issued the following statement:
Tens of thousands of people wrote to FERC demanding the rejection of Secretary Perry’s ludicrous proposal to bailout failing nuclear and coal projects.
No matter how forceful industry lobbying, the market factors simply dictate that nuclear and coal power plants should be replaced by cheaper, cleaner, and safer solar and wind power.
This is a good day for the public and a good day for the cause of addressing catastrophic climate change.