FERC regulators: No security emergency to justify DOE coal, nuke bailout

If implemented, the Department of Energy’s plan to keep coal and nuclear plants online would constitute an unprecedented federal intervention into wholesale power markets and a direct rebuke of FERC, which early this year unanimously rejected a separate subsidy proposal from the agency.

FERC regulators on Tuesday told the Senate Energy and Natural Resources Committee what they said in that January rejection: there is no reliability emergency to justify the bailout.

“There is no immediate calamity or threat to our ongoing ability to have our bulk power system operate and satisfy our energy needs,” FERC Chairman Kevin McIntyre said. “When it comes to resilience, we need to take a longer-term lens and ask ourselves what the future landscape of our generation mix looks like.”