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Energy Secretary Rick Perry. Photo By Tom Williams / CQ Roll Call

Energy Secretary Rick Perry said Monday his agency will soon decide whether to approve a request to boost economically struggling coal and nuclear power plants.

Between the lines: His remarks dampened prospects that the Trump administration will move to keep a string of these plants open in the Northeast and Mid-Atlantic.

“[The request] may not be the way that we decide is the most appropriate, the most efficient way to address this. It’s not the only way."
Perry at the Bloomberg New Energy Finance Future of Energy Summit in New York

Why it matters: The approval of an emergency order request by utility FirstEnergy Solutions matters for two reasons:

  1. It’s unprecedented in the history of the arcane Energy Department provision, and most independent experts say approving it would be a huge intervention into the competitive power market.
  2. Approving the order would be an explicit way President Trump can show he’s reviving the coal and nuclear industries, a campaign promise.

What’s next: Bob Murray, the CEO of privately-held coal producer Murray Energy, will speak at the same conference on Tuesday at noon ET. The Energy Department denied a similar request by his company last year. Expect fireworks on this topic and more, given Murray will be in a crowd of executives whose companies are largely built around the evolution away from coal.

Go deeper

Why companies aren't paying more

Illustration: Aïda Amer/Axios

If companies raised pay high enough, then maybe they wouldn’t complain about labor shortages that have forced them to forgo sales. But there seems to be a limit to how much a company is willing to pay, despite what seems like a clear opportunity to maximize the top line.

Why it matters: Companies have been scrambling to staff up amid a rapid economic recovery. Employers across industries have been raising wages in their efforts to be competitive.

Business travel might be going out of style

Illustration: Annelise Capossela/Axios

Companies have made it a year and a half mostly without traveling for work — and now more and more of them are considering dramatically reducing business travel to slash costs and cut carbon emissions.

Why it matters: Business travel is a massive part of the global economy — with trillions of dollars and millions of jobs at airlines, hotels and travel agencies hinging on its return.

Local Florida leaders eye ways to take on DeSantis' anti-mask stance

Photo: Joe Raedle/Getty Images

With Florida at the forefront of the nation's COVID surge, local governments across Tampa Bay are wondering if — or how — they can subvert Gov. Ron DeSantis' administration to do something to slow the spread.

Why it matters: A day after Florida broke its record for daily cases, it did the same for the total number of COVID hospitalizations — set way back in July 2020, per the AP.