Lots of conservatives hate Trump’s coal and nuclear bailout — that’s a big political problem, The Hill, BY SILVIO MARCACCI, — 06/19/18 Conservative opposition to EPA Administrator Scott Pruitt has dominated headlines — losing stalwarts like Sen. Jim Inhofe (R-Okla.) and Laura Ingraham stings. However, the Trump administration’s bigger political problem among conservatives could be its controversial proposal to spend billions on a coal and nuclear bailout.
After all, President Trump can simply fire Pruitt: problem solved. But enacting his bailout policy would roil U.S. power markets while alienating a growing number of conservatives and costing consumers billions during his re-election campaign — much tougher mistakes to fix.
It’s no surprise environmental groups and clean energy groups are fightingTrump’s bailout — it would keep coal, the dirtiest available electricity source, on life support. What’s shocking here is the withering fire his bailout proposal drew from conservative media outlets, conservative analysts, and even Trump’s conservative appointees.
“This has no intellectual basis by anybody beyond the third grade,” said Peter Van Doren of the Cato Institute. “If you can find anyone who’s market-oriented or says they’re conservative and supports this, they should turn in their badge.”
Conservatives are opposing the bailout’s economic impacts, which could cost U.S. consumers at least $11.8 billion annually according to Energy Innovation’s analysis, or up to $34 billion per year, according to theNuclear Information and Resource Service.
Trump’s bailout would hike consumer bills by guaranteeing payments to coal and nuclear plants that have either been shutting down or are in danger of closing because they cost more to run than renewable energy or natural gas, instead of letting utilities make their own decisions. Americans for Prosperity weighed in on that point via Twitter.
Those bailout billions would be unevenly distributed: In regional U.S. power markets, just five companies own the majority of uneconomic plants, and they’d get the overwhelming majority of federal subsidies.
”Mandating that grid operators buy more expensive coal and nuclear power would raise consumer prices and could reduce natural gas production that has been a boon to many states,” wrote the Wall Street Journal editorial board.
Hiking power costs for businesses and consumers could inflict a grievous political injury. These billions in higher electricity costs would hit consumer pocketbooks in battleground states (Iowa, Pennsylvania, Ohio, Wisconsin, Michigan, Virginia) located within the affected U.S. power markets.
“It is a ridiculously bad idea. Its consequences will be bad for Trump and, in the long run, bad for coal as well,” wrote the Washington Examiner editorial board. “This unprecedented government interference in energy markets will harm the economy under Trump’s watch.”……..
Proposing policies that risk wide-ranging lawsuits is problematic for any president, but this administration has shown it doesn’t care about those typical concerns. But when even conservative groups and conservative media outlets agree with their liberal counterparts, Trump has a bigger problem — and a potential re-election wedge issue — on his hands.
Silvio Marcacci is communications director at Energy Innovation, a nonpartisan clean energy and climate policy firm.http://thehill.com/opinion/energy-environment/393038-lots-of-conservatives-hate-trumps-coal-and-nuclear-bailout-thats-a