Pallone Takes Trump Administration to Task for Nuclear, Coal Subsidies

Rep. Frank Pallone yesterday criticized a Trump administration proposal to bolster the economically struggling nuclear and coal sectors by paying them more for electricity produced by their plants.

In a hearing in Washington, the ranking Democrat on the House Energy and Commerce Committee told Energy Secretary Rick Perry his proposal to prop up coal and nuclear units to enhance grid reliability would upend competitive energy markets at the expense of consumers.

“You are distorting the market, damaging the environment, and delivering preferential treatment to favored industries,’’ Pallone said in prepared remarks. “At the end of the day, killing off competitive electricity markets just to save generation assets that are no long economical will lead to higher prices for consumers.’’

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