US EditionTrump’s Bid to Support Coal Could Cost Ratepayers Billions, Report Finds
Mandates to keep retiring coal plants could increase annual ratepayer costs by over $3 billion, despite economic challenges and alternatives like wind and solar, analysts say.
- Amid grid reliability concerns, President Donald Trump ordered aging coal plants to stay online, costing ratepayers over $3.1 billion annually, a report says.
- Leveraging section 202 of the Federal Power Act, DOE has issued 90-day emergency extensions to keep plant owners’ coal plants online, officials say, to prevent blackouts.
- A 2023 analysis by Energy Innovation found that 99% of U.S. coal plants are more expensive to operate than local renewables, and mandates perversely incentivize delays for subsidies.
- According to the Grid Strategies report, continuing orders could raise costs to between $3 billion and $6 billion annually, with California, Texas, and Colorado facing the highest increases.
- DOE may attempt to mandate retention of nearly all 54 fossil fuel plants slated for closure, potentially raising costs to $6 billion per year, officials say.
12 Articles
12 Articles
WJFW NewsWatch 12
Trump’s bid to support coal could cost ratepayers billions, report finds
Mandates from President Donald Trump’s administration to retain aging coal plants could cause a massive spike in energy costs, according to an independent analysis commissioned by several environmental groups. Orders from the U.S. Department of Energy to save coal plants…
Delaying Even More Coal, Gas Plant Closures Could Cost Ratepayers Billions - Inside Climate News
Americans could be paying nearly $6 billion extra a year in energy bills if the Trump administration continues to keep power plants operating past their retirement dates, according to a new report.By Carrie KleinIn May, the U.S. Department of Energy ordered Michigan’s Campbell coal plant to stay open, despite its plans to shut down after more than 60 years of operation. A week later, DOE ordered the Eddystone oil and gas plant in Pennsylvania to…
Keeping coal-fired power plants open would cost ratepayers billions, report says
Ratepayers can expect to pay another $3.1 billion a year if 54 large fossil fuel power plants scheduled to be retired by the end of 2028 are forced to stay online longer, according to a consulting firm’s report that was released Thursday.
Trump’s Fossil Fuel Plant Order Will Cost Billions
Current conditions: Tropical Storm Erin is still intensifying as it approaches the Caribbean • Rare August rainstorms are deluging the Pacific Northwest with a month’s worth of precipitation in 24 hours, threatening floods • Hong Kong has issued its highest-level “black” rainstorm warning multiple times this month as Tropical Storm Podul lashes southern China.THE TOP FIVE1. Trump’s order to keep fossil fuel power plants open will cost billionsPr…
Delaying Even More Coal, Gas Plant Closures Could Cost Ratepayers Billions
Americans could be paying nearly $6 billion extra a year in energy bills if the Trump administration continues to keep power plants operating past their retirement dates, according to a new report. By Carrie Klein In May, the U.S. Department of Energy ordered Michigan's Campbell coal plant to stay open, despite its plans to shut down after more than 60 years of operation. A week later, DOE ordered the Eddystone oil and gas plant in Pennsylvania …
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
