Who turned off the lights?

 By Stephen Moore:

Is anyone paying attention to the crisis that is going on in our electric power markets? Over the past six months, at least four major nuclear power plants have been slated for shutdown, including the last one in operation in California. Meanwhile, dozens of coal plants have been shuttered as well -- despite low prices and cleaner coal. Some of our major coal companies may go into bankruptcy. This is a dangerous game we are playing with our most valuable resource outside of clean air and water.

 

Traditionally, we’ve received almost half our electric power nationwide from coal and nuclear power, and for good reason. They are cheap, highly resilient and reliable. The disruption to coal and nuclear power wouldn’t be disturbing if this were happening as a result of market forces. That’s only partially the case.

 

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