FERC Tells Senators We’re Quickly Heading for an Electricity Crisis

Here's something truly noteworthy--something you need to sit up and pay attention to. Last Thursday, all four Federal Energy Regulatory Commission (FERC) commissioners--two Democrats and two Republicans--sat before the Senate Energy and Natural Resources Committee in a hearing and said the same thing. All four FERC commissioners warned the Senators that too many coal- and gas-fired power plants are retiring without enough new sources coming online to replace them. They said the situation is "catastrophic" and "the red lights are flashing."

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