Neil Chatterjee

Questioning Secretary Perry’s Policy Proposals: Should this be standard practice after his recent “economics lesson”?

Questioning Secretary Perry’s Policy Proposals: Should this be standard practice after his recent “economics lesson”?

Secretary of Energy, Rick Perry, recently released a proposal that would guarantee profits to coal fired power plants that maintain 90 days of fuel on site as protection against the electricity grid failing. Secretary Perry’s suggestion that coal reserves are necessary to protect the electricity grid from failing is unsubstantiated given a recent report by the Rhodium Group which found that over the past five years only .00007% of major power disruptions nation-wide were due to fuel supply problems.