Perry's coal proposal seen unlikely to reverse historic decline

Analysts are skeptical that the US Energy Secretary's plan to reward certain coal-fired plants will be enough to keep back a long-term industry decline.

Photo: RITZAU/AP/Patrick Pleul

U.S. Energy Secretary Rick Perry's plan to reward coal-fired power plants that keep large stockpiles of fuel won't be enough to reverse the industry's long-term decline, analysts say.

Perry has proposed extra payments for power generators with at least 90 days' worth of supplies on site, arguing that will make America’s electric grid more "resilient" in the face of major supply disruptions.

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