White House prepares bailout of coal and nuclear plants
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President Trump has asked Energy Secretary Rick Perry "to prepare immediate steps to stop the loss" of energy sources, caused by the closing of coal and nuclear plants, according to a White House statement.
Why it matters: This White House statement indicates the administration is likely to soon take the steps outlined in a memo obtained by Bloomberg toward aiding economically struggling coal-fired and nuclear power plants. Until now, this was more a proposal than an endorsed policy. (Go deeper: Trump's coal and nuclear bailout.)