A Moment of Truth Arrives for Rick Perry's Widely Hated Coal Bailout

View on Vox website

Date

Dec. 11, 2017

News Type

Media Highlight

Source

Vox

"Several credible studies have modeled what Perry’s rule would mean for power markets and power prices. Their conclusions are not kind. Let’s hit the highlights. The first is from Resources for the Future. Its conclusion: If the policy is in effect from 2020 through 2045, it prevents the retirement of approximately 25 GW of coal-fueled capacity, delays the retirement of 20 GW of nuclear capacity, causes 27,000 premature deaths in the United States, and has an estimated total net cost of $263 billion during those 25 years. ... We find that the policy’s net cost for electricity end-users is $72 billion and its net benefit for generation owners is $28 billion."

Topics

Electric Power

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