coal bailout

Gavin Bade

The Trump administration has confirmed a proposed bailout to the coal and nuclear industries. A memo from the Department of Energy was leaked recently outlining the plan. It would force utilities to buy electricity and capacity from retiring coal and nuclear plants to keep them alive for two years. University of Richmond Law Professor Joel Eisen, who has written extensively on matters on administrative law, energy, and the electric grid, helps make sense of what the draft memo means.

Screenshot of the leaked DOE memo obtained by Bloomberg last week
Gavin Bade

The Trump administration is planning to keep coal and nuclear-fueled power plants alive, according to a 41-page memo acquired by Bloomberg News. The plan would enable the federal government to buy electricity from coal and nuclear plants that were planning to retire. If the bailout becomes a reality, it will be the first of its kind.