Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSelf-Dealing: Rick Perry plan to boost coal mainly helps ONE company, which backed TRUMP
The secretary's proposal for reshaping the electricity markets would throw a lifeline to a coal-mining company owned by Trump supporter Bob Murray.
A proposal by Energy Secretary Rick Perry to alter the nation's electricity markets would provide a windfall for a small group of companies most strikingly one owned by coal magnate Bob Murray, a prominent backer of President Donald Trump.
Perry's plan would force consumers to subsidize ailing coal-fired and nuclear power plants with billions of dollars, in what he calls an effort to ensure that the nations power network can withstand threats like terrorist attacks or severe weather. But his narrowly written proposal would mostly affect plants in a stretch of the Midwest and Northeast where Murray's mining company, Murray Energy, is the predominant supplier, according to a POLITICO analysis of Energy Department data.
The company and its PAC together sent $200,000 to pro-Trump election efforts last year, while Bob Murray threw an invitation-only West Virginia fundraiser for Trump in 2016.
Perrys proposal, which needs approval from the Federal Energy Regulatory Commission, is the Energy secretary's most aggressive step yet toward helping Trump reverse what he has denounced as former President Barack Obama's "war on coal." But while it would stimulate demand for coal, it would also increase power prices for millions of customers
.
A proposal by Energy Secretary Rick Perry to alter the nation's electricity markets would provide a windfall for a small group of companies most strikingly one owned by coal magnate Bob Murray, a prominent backer of President Donald Trump.
Perry's plan would force consumers to subsidize ailing coal-fired and nuclear power plants with billions of dollars, in what he calls an effort to ensure that the nations power network can withstand threats like terrorist attacks or severe weather. But his narrowly written proposal would mostly affect plants in a stretch of the Midwest and Northeast where Murray's mining company, Murray Energy, is the predominant supplier, according to a POLITICO analysis of Energy Department data.
The company and its PAC together sent $200,000 to pro-Trump election efforts last year, while Bob Murray threw an invitation-only West Virginia fundraiser for Trump in 2016.
Perrys proposal, which needs approval from the Federal Energy Regulatory Commission, is the Energy secretary's most aggressive step yet toward helping Trump reverse what he has denounced as former President Barack Obama's "war on coal." But while it would stimulate demand for coal, it would also increase power prices for millions of customers
https://www.politico.com/story/2017/11/06/trumps-coal-backers-energy-power-rick-perry-244535
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 886 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (0)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Self-Dealing: Rick Perry plan to boost coal mainly helps ONE company, which backed TRUMP (Original Post)
CousinIT
Nov 2017
OP
Wellstone ruled
(34,661 posts)1. Here is a interesting tid bit,
Murray has one major Contract,and that is the Rocky Mountain Power. And that is for the Delta,Utah power plant which is to be converted to Nat Gas in a short period of time. All of the Downstream users of Murray Utah mines have been shuttered ahead of schedule.
All replace by Wind and Solar. So wonderful to see the Mountain Peaks that were once covered by smut.
CousinIT
(9,275 posts)2. GOOD. I still don't appreciate the damn self-dealing. n/t
Wellstone ruled
(34,661 posts)3. What is the final story with this Guy,
will he Bankrupt his new Company and walk away as he has in the past? And then leave his Toxic Mess for the State and Local people to clean it up? Short answer,YES. But,he and the Resident of the White House are close personnel friends,and that is what it is all about. BTW,he got the money.
CousinIT
(9,275 posts)4. . . .