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Energy secretary Rick Perry will testify on his FERC proposal later today. Photo: Keith Srakocic / AP

Energy secretary Rick Perry will testify late this morning before an Energy and Commerce subcommittee, where he's sure to face questions about his push for changes in wholesale power market regulation that would boost revenues for coal and nuclear plants.

Why it matters: With the rationale for the proposal — that helping keep nuclear and coal plants afloat is needed for grid resilience and reliability — coming under intense criticism, Perry is under pressure to mount a strong defense.

What he'll say: Perry's prepared remarks for the hearing are here. He touts the plan to allow greater cost recovery for plants that have 90-days worth of fuel stored on-site.

  • "I asked FERC to change the market rules to make sure that fuel-secure generation is valued for what it is worth to our Nation — not forced into early retirement leaving the grid at risk during the next disaster," the testimony states.

No can do: Yesterday FERC denied requests for a longer comment period on the proposal by a suite of energy industry trade groups representing oil-and-gas and renewables companies.

  • Comments are still due Oct. 23, which a series of parties — including state regulators nationwide — say is far too little time to provide adequate input. Perry has tasked FERC with completing the rule in 60 days, which is very fast in the world of federal regulation.
  • Perspective: "Providing sufficient time to comment would be important if FERC were interested in defending a final rule in court," Ari Peskoe, a Harvard expert in electricity law, tells Axios.

Go deeper

Oklahoma Supreme Court temporarily blocks abortion restrictions

A pro-choice activist demonstrates outside the U.S. Supreme Court on Oct. 4, 2021. Photo: Stefani Reynolds/Bloomberg via Getty Images

The Oklahoma Supreme Court on Monday temporarily blocked three abortion restrictions set to take effect on Nov. 1.

Why it matters: The laws would place new limits on medication-induced abortions and require doctors who perform abortions to attain board certification in obstetrics and gynecology.

U.S. freezes aid to Sudan over military coup

Protesting the coup in Khartoum. Photo: AFP via Getty

The Biden administration has frozen a $700 million aid package to Sudan after a military coup on Monday threatened to end the country's transition toward democracy.

Driving the news: At least three protesters have been killed and dozens wounded in the chaotic scenes that followed the announcements from Gen. Abdel Fattah al-Burhan, the head of Sudan's ruling council, dissolving the government and declaring a state of emergency.

1 hour ago - Science

Blue Origin announces plan to develop commercial space station

Photo: Mario Tama/Getty Images)

Jeff Bezos' Blue Origin on Monday unveiled plans to develop a commercial space station called "Orbital Reef."

Why it matters: The private space station, which will be nearly as large as the International Space Station, would be the first of its kind and comes amid growing interest in the private space industry.