Exxon and Some Others Don't Give Rick Perry's Power Grid Plan a Warm Texas Welcome

WASHINGTON — Irving-based Exxon Mobil Corp. predicts it will "unravel the competitive market structure." Houston-based NRG Energy says it could "needlessly cost consumers billions." Kinder Morgan in Houston calls it "unsubstantiated," "wholly inadequate" and "legally infirm."Not exactly a warm Texas welcome this week for Energy Secretary Rick Perry's contentious plan to overhaul America's power grid.Perry, the former Texas governor, has rattled the energy industry by asking the Federal Energy Regulatory Commission to consider new rules that would boost the struggling coal and nuclear power industries by giving them extra compensation for the fuel they store on site.  Continue reading...

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