The chairman of the Federal Energy Regulatory Commission says the idea goes against his political beliefs, but wonders if FERC might need to intervene in the power generation sector’s accelerating shift away from coal and nuclear.
Neil Chatterjee, interviewed by the Houston Chronicle before his speech at CERAWeek, said the power market is vexing. The man who appointed Chatterjee, President Donald Trump, has vowed to save coal but more coal-fired plants were retired last year than in most of the entire Obama Administration.
Trumps Energy Department previously tried to compel FERC to make rules financially rewarding the on-site fuel security of coal and nuclear, but the commission declined. Chatterjee was part of the unanimous reponse, but now he fears what the future of power generation might hold.
Click here to read the Houston Chronicle story.