Officials in Trump's Department of Energy prepared a plan to use unprecedented "emergency powers" to force the US grid to rely on expensive, unprofitable coal and nuclear power, rather than paying market rates for cheaper sources of energy: renewables and natural gas.
The plan will cost Americans an additional $311,000,000 - $11,800,000,000/year according to estimates from researchers at Energy Innovation and the Climate Policy Initiative.
The plan poses the "premature retirements" of these unprofitable power-plants as a national security matter, that would leave the country vulnerable to cyberattacks and extreme weather events.
The plan proposes action under the Cold War-era Section 202 Federal Power Act, and the Defense Production Act, invoked by Harry Truman 68 years ago to subsidize US steel production.
“Federal action is necessary to stop the further premature retirements of fuel-secure generation capacity,” says a 41-page draft memo circulated before a National Security Council meeting on the subject Friday.
The plan cuts to the heart of a debate over the reliability and resiliency of a rapidly evolving U.S. electricity grid. Nuclear and coal-fired power plants are struggling to compete against cheap natural gas and renewable electricity. As nuclear and coal plants are decommissioned, regulators have been grappling with how to ensure that the nation’s power system can withstand extreme weather events and cyber-attacks.
Although the memo describes a planned Energy Department directive, there was no indication President Donald Trump had signed off on the action nor when any order might be issued. The document, dated May 29 and distributed Thursday, is marked as a "draft," which is "not for further distribution," and could be used by administration officials to justify the intervention.
Trump Prepares Lifeline for Money-Losing Coal Plants [Jennifer A Dlouhy/Bloomberg]
Trump's 2017 #taxscam transferred more than a trillion dollars to the richest people in America, but when Trump talks about it, he likes to tout the bill's "opportunity zone" provisions that provided massive tax breaks to investors who put money into places that would supposedly create jobs and housing for poor Americans.
A post called "The Right Way to Reduce Your China Product Costs" on China Law Blog (previously) sounds like pretty anodyne stuff, but it turns out to be a catalog of several technothrillers' worth of ultra-weird, real-world skullduggery and chicanery from the world of late-stage capitalism and trade war.
It's a preview of just how badly things could go in 2020: the Kentucky gubernatorial race was narrowly decided for the Democratic candidate Andy Beshear, but the monumentally unpopular Trumpist incumbent Matt Bevin will not concede, and instead, he is repeating the Trumpist lie that "voter fraud" caused him to lose his office.
Sous vide cooking: It sounds fancy, but it’s actually one of the easiest and most reliable ways to cook. It’s the reason why many restaurants are able to put out delicious dishes with a consistent flavor. All you need is the right equipment, and that hasn’t always been available to those outside the resto crowd. […]
The more you use your computer, the more it becomes possible for others to use it too. Where there are anti-virus systems, there are hackers looking for a way to get around them. That’s why it’s important to get software that doesn’t just passively scout for viruses in the background. The folks behind GlassWire have […]
Knowledge is power. It’s a cliché, but sometimes things turn into a cliché because they’re true. If you’re making your way through the world of business and entrepreneurship, it only makes sense to read about the insights of people who have climbed that ladder before you. Trouble is, the modern workday doesn’t leave a lot […]