Renewable energy could help reduce that so - called «fuel - security risk,» but also compel more fossil
fuel plant retirements, compounding the need for more LNG imports.
Not exact matches
Energy Secretary Rick Perry commissioned the study in April to evaluate whether «regulatory burdens» imposed by past administrations — including that of President Barack Obama — had forced the premature
retirement of baseload power
plants that provide nonstop power, like those fired by coal and nuclear
fuel.
Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and natural gas utilities that gives highest priority to the efficient use of the energy they supply,» and ban on new coal or nuclear
plants and
retirement of the existing
plants within the next 30 years, government - funded demonstration
plants for Big Solar and hydrogen, increasing federal
fuel economy standards one mile - per - gallon a year over the next 24 years, tax credits for plug - in hybrids or flex -
fuel vehicles, and an excess - profits tax on oil to fund the tax credits.
«The
retirement of the San Onofre Nuclear Generating Station is a key opportunity to demonstrate how California can meet its future energy needs without new fossil
fuels plants,» said Evan Gillespie, Director of the Sierra Club's My Generation campaign.
Residential customers experiencing the highest increases, and / or potential increases, are those who are heavily dependent on coal -
fueled generation, as required retrofits can not economically meet existing environmental requirements — resulting in the proposed
retirement of older coal -
fueled plants.
In a Friday memo, Perry asked his chief of staff to undertake a 60 day inquiry into «the extent to which continued regulatory burdens, as well as mandates and tax and subsidy policies, are responsible for forcing the premature
retirement of baseload power
plants,» such as those
fueled by coal or nuclear energy, among other grid related questions.