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Federal regulators on Monday rejected a proposal by Energy Secretary Rick Perry to subsidize struggling coal and nuclear plants, in a major blow to the Trump administration’s efforts to revive America’s declining coal industry.

Over the past decade, an influx of cheap natural gas and the rapid rise of renewable energy have transformed the nation’s power sector, driving down wholesale electricity prices and pushing many older coal and nuclear plants into unprofitability and retirement.

Rick Perry’s Plan to Rescue Struggling Coal and Nuclear Plants Is Rejected

In a blow to the Trump administration, a federal panel turned down a proposal by Energy Secretary Rick Perry to subsidize struggling plants.


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