Ep. 32: Who Will Pay for Trump's Plan to Bail Out Coal?

We all remember the financial and auto bailouts during the Great Recession. They arguably saved significant parts of the economy from even further damage. The Trump administration says the federal government now needs to step in to save the coal and nuclear industries. Energy Secretary Rick Perry has proposed a rule that will force the electric grids in some parts of the country to basically guarantee profits for coal and nuclear plants. But who will pay for that guarantee? Anyone who gets an electric bill. On this episode, we pick through this plan with someone who's been following it closely. Ben Storrow is a reporter for E&E; News and he says the most important thing to understand is that the grid, like so many aspects of our economy, is changing because of new technology.