>> 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.
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.
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.
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.