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00:00:01
>> A US government plan to subsidize coal, and nuclear plants was shot down by a federal regulator. The proposal by US Energy Secretary, Rick Perry, was aimed at keeping aging energy producers competitive in a changing market. But on Monday the Federal Energy Regulatory Commission, or FERC rejected the notion.
00:00:19
The move was a blow to President Donald Trump's administration, which has promised revitalized US coal mines and plant.>> My administration is putting an end to the war on coal, gonna have clean coal.>> Reuters correspondent Timothy Gardner.>> FERC ruling against Secretary Perry, and President Trump means that they will have to go back to the drawing board to help coal companies and nuclear power plants.
00:00:46
These are industries that have been suffering from low natural gas prices. And they've seen a lot of plants go into early retirement over the last few years. And more broadly, large sections of the country, in energy country, a lot of these voters were expecting the Trump administration to bring about a coal revival.
00:01:08
This looks a little bit less of a thing that they can do immediately.>> Moving forward the US Regulator will seek feedback from grid operators, a move praised by renewable energy advocates. The Energy Department is now exploring new ways to monitor the resiliency of the grid.