Energy Secretary Rick Perry will testify before a House Energy and Commerce subcommittee next Thursday. Photo: Susan Walsh / AP

Energy secretary Rick Perry will testify before a House Energy and Commerce subcommittee next Thursday, lawmakers announced yesterday. The hearing's focus is supposed to be broad, but expect lots of questions about Perry's instantly controversial proposal to shake up power market rules by ensuring coal and nuclear plants are compensated for their "reliability and resilience" attributes.

Why the stakes are high: Perry is catching lots of flak from critics who call the plan a naked attempt to prop up power sources that are increasingly on the losing end of competition from natural gas and renewables.

If Perry isn't able to mount a convincing and detailed defense of why he asked the Federal Energy Regulatory Commission to craft the rules, it will bolster opponents who say the move is more about rewarding favored power sources than ensuring grid reliability and resilience in the event of disasters.

What else to look for: Whether influential House GOP lawmakers who oversee energy policy — including Energy and Commerce chairman Greg Walden and energy subcommittee head Fred Upton — start tipping their hand about what they think of the underlying proposal.

Interest is running high: There's mounting concern about the fast pace of the rulemaking process, specifically FERC's request for initial comments from outside parties by Oct. 23. One new sign: yesterday a suite of groups representing independent oil-and-gas producers asked FERC for at least a 90 day initial comment period.

  • Their motion, which adds to requests from other gas and renewables trade groups, says FERC should quickly signal that it's slowing down the process in order to "reassure markets...that adequate time and resources" will be devoted to the topic.

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Biden to Senate GOP after RBG passing: "Please follow your conscience"

Joe Biden made a direct appeal to Senate Republicans in a speech addressing the passing of Supreme Court Justice Ruth Bader Ginsburg, urging them to "cool the flames that have been engulfing our country" by waiting to confirm her replacement until after the election.

The state of play: Senate Majority Leader Mitch McConnell said soon after the news of Ginsburg's death that President Trump's nominee would get a vote on the Senate floor.

Leaked Treasury documents reveal how dirty money moves through global banking system

Photo: Eduardo Parra/Europa Press via Getty Images

Thousands of leaked government documents covering at least $2 trillion worth of transactions reveal how some of the world's biggest banks knowingly moved around the money of oligarchs, terrorists and criminals, with few consequences, according to a massive investigation by BuzzFeed News, the International Consortium of Investigative Journalists (ICIJ) and hundreds of other news organizations.

The big picture: The investigation, published on Sunday, examines more than 2,100 suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network, known as FinCEN.

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Scoop: Decisive meeting could lead to Israeli-Sudanese normalization

Lt. Gen. Abdel Fattah al-Burhan, Sudan's head of the Sovereign Council, meets with Bahraini aid officials in Khartoum, Sept. 15. Photo: Mazen Mahdi/AFP via Getty Images

U.S., Emirati and Sudanese officials will hold a decisive meeting in Abu Dhabi on Monday on a possible normalization agreement between Sudan and Israel, Sudanese sources told me.

Why it matters: If the U.S. and the United Arab Emirates accommodate Sudan’s requests for economic aid, an announcement on a normalization agreement with Israel similar to the ones struck with the UAE and Bahrain could be made within days, sources briefed on the process tell me.