Financial Times: Big U.S. corporate names object to Trump’s power plan
Apple and Exxon among those lobbying against more support for coal and nuclear energy
FT’s Ed Crooks reports that “companies from the technology and oil and gas industries have stepped into the debate over the future of the U.S. electricity system, raising objections to the Trump administration's plans for new rules to support coal-fired and nuclear power plants. Microsoft, Walmart, ExxonMobil, General Electric and Apple are among the leading US companies that argued — either directly or through industry groups — against” a Dept. of Energy proposed rule for Federal Regulatory Energy Commission.
He references the joint comments AEE filed with API, NGSA and renewables groups that argues DOE/Perry “failed to provide substantial evidence that the resilience of the grid was under threat [and that the] proposed new rules would merely ‘prop up uneconomic generation that is unable to compete.’” He highlights AEE leadership council members Apple, Microsoft, GE, Johnson Controls and Lockheed Martin.
Read the full article here (subscription) and AEE’s joint statement here.