API opposes bailout of FirstEnergy Solutions, asks Trump administration to 'let the markets work'

Discussion in 'Politics' started by Error Correction Funder, Apr 15, 2018.

    • The American Petroleum Institute joined the queue of entities opposed to bailing out FirstEnergy Solutions, a struggling coal and nuclear utility.
    • The company has announced plans to shutter 3 plants, and has filed for bankruptcy protection.
    • The API has applauded the rise of natural gas, which has hurt FirstEnergy's business, and called on the Trump administration to "let markets work."

    https://www.cnbc.com/2018/04/15/api-opposes-trump-administration-bailout-of-firstenergy.html