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U.S. Coal Bailout Review Slows After Trump Faces Pushback
Bloomberg: A bankrupt power generator’s plea for President Donald Trump to help saving money-losing power plants has drawn opposition from key administration officials, slowing action on the proposal, according to two people familiar with the deliberations.
FirstEnergy Solutions Corp. asked the Trump administration last month to immediately declare a grid emergency and guarantee profits for money-losing coal and nuclear power plants -- a move the government has generally reserved for times of war and potentially widespread blackouts. The Energy Department has yet to decide on the request, and instead opened a public comment period on the underlying authority.
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