Coal and Nuke Bailout?
It appears that the government is preparing a plan to bailout coal and nuclear power plants at risk of closure. I won’t bore you with the details (you can read them by clicking on the link) but it is somewhat scary thinking about what could happen to the wholesale power markets if this happens. The organized markets and low gas prices have afforded most americans with very affordable electricity for the last several years. If the government moves forward with this bailout it will undoubtedly affect the energy markets and most likely in a negative way. This creates uncertainty that will not sit well with large scale commercial and industrial customers. I’ll be hanging on with all of you to see what happens.
