Trump Wants to Save Big Coal with $11 Billion Annual Bailout
Source: Newsweek Magazine
BY NICOLE GOODKIND ON 11/2/17 AT 3:31 PM
The Trump administration wants to force electricity customers to pay for a $10.6-billion annual bailout of the failing coal and nuclear industries through surcharges on their monthly energy bills.
The quietly announced proposal would require ratepayers to fully underwrite a new mandate that coal and nuclear plants hold a minimum of 90-days' worth of fuel on-site under the false premise of providing security from power outages. But critics say the subsidy is just a massive government-mandated transfer of wealth from consumers to coal and nuclear companies.
"This is like changing the energy system from capitalism to communism—and the U.S. government want to do it within the next two weeks," said Michael Krancer, principal at energy policy firm Silent Majority Strategies.
The Department of Energy says the fuel stockpiles are necessary to prevent power outages “in times of supply stress such as recent natural disasters.” But only 0.00007% of all major power disruptions over the past five years were due to fuel supply problems, John Larsen, a power sector researcher for the Rhodium Group, told Newsweek.
Read more: http://www.newsweek.com/trump-coal-taxpayers-energy-nuclear-695346
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Because we should all bail out the dying coal industry, to let Trump keep a promise that he made!!!
it's tax & spend republicans. 
