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Trump proposes higher payments for coal, nuclear power
The Hill: The Trump administration wants to mandate that coal, nuclear and hydroelectric power plants get paid higher prices for electricity than they are currently receiving.
Energy Secretary Rick Perry sent the proposed requirements Friday morning to the Federal Energy Regulatory Commission (FERC), asking for quick action from the commission to protect coal and nuclear plants that are on the verge of closing because of competition or other economic factors.
Perry is seeking the new regulation in the name of electric grid resilience, which he said is threatened by coal and nuclear plant closures in recent years.
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