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Rick Perry

U.S. can't afford more nuclear cronyism

In June, President Trump directed Energy Secretary Rick Perry to bail out struggling nuclear and coal power plants. Such federal action would come on top of state bailouts, such as New Jersey's recently approved $300 million annual lifeline to keep three nuclear plants running.

The administration claims, as do nuclear companies, that bailouts are necessary to safeguard national security should fossil-fueled power plants go offline from a cyberattack or a natural disaster.

While it is true that nuclear plants can store significant amounts of fuel onsite, the administration's argument is a far stretch. A recent report from the Rhodium Group determined that a minuscule share of...

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