Washington, D.C.— Energy Secretary Rick Perry sent a letter today to the Federal Energy Regulatory Commission (FERC) calling on the Commission to adopt electricity market reforms to prevent the premature retirement of baseload power plants. The letter also includes a proposed rule. ACCCE issued the following statement by Paul Bailey, President and CEO.
“We commend Secretary Perry for initiating a rulemaking by FERC that will finally value the on-site fuel security provided by the coal fleet,” said Bailey. “The coal fleet has large stockpiles of coal that help to ensure grid resilience and reliability. We look forward to working with FERC and grid operators to quickly adopt long overdue market reforms that value the coal fleet.”
The American Coalition for Clean Coal Electricity is a partnership of industries involved in producing electricity from coal. Coal, an affordable and reliable energy resource, provides one-third of our nation’s electricity.