By Amy Harder | Axios
A top federal energy regulator said Wednesday the federal government may “cast a lifeline” to coal and nuclear power plants while the government conducts a longterm review of America’s electricity grid.
“I just think it’s prudent to potentially cast a lifeline to certain assets so they can stay afloat while we do this longer term analysis,” said Neil Chatterjee, chairman of the Federal Energy Regulatory Commission, during a luncheon with dozens of energy industry executives. “I truly think there is a way to achieve that in a legally defensible manner that does not distort markets.”
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Chatterjee said he was worried that short-term market pressures would shut down coal and nuclear plants and then later on the U.S. would realize it needed that electricity. “That’s an outcome that concerns me,” Chatterjee said. “I want to have no regrets at the end of this process.”
