A proposed FERC rule to protect coal and nuclear power is a huge mistake. Government has no business picking energy winners and losers. Let the market work!
Abundant, affordable energy is the foundation of modern prosperity. One of the most pernicious things that the Obama administration did was to interfere with the availability of affordable energy, lavishing subsidies and regulatory support on any trendy, inefficient and expensive technology or energy source that could be branded as “renewable.” The Obama administration’s government distortions raised costs for consumers and destroyed jobs in industries that did not gain government favor in an attempt to “finally make clean energy the profitable kind of energy.” This picking of energy winners and losers is no way to manage competitive markets in a free society.