LIAM DENNING/BLOOMBERG GADFLY
Opinion: Power producers stumble off the Rick-Perry-go-round
Every so often, a policy proposal comes along that's so ill-conceived, one can dispense with the usual nuance and just call it flat-out ridiculous. Energy Secretary Rick Perry's plan to subsidize coal-fired and nuclear power plants for stockpiling fuel was just such a proposal. As it turns out, the Federal Energy Regulatory Commission wasn't exactly won over by Perry's reasoning either: Late on Monday, Jan. 8, it voted 5-0 to reject the proposal.