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An independent government agency saved Americans from a massive de facto tax hike. Energy Secretary Rick Perry had proposed a multibillion-dollar bailout of failing coal and nuclear power plants. He wanted to give these plants taxpayer-funded subsidies to keep them afloat. Luckily, the Federal Energy Regulatory Commission (FERC) made the right call and quashed the plan. Perry’s proposal — commonly called the notice of proposed rulemaking, or NOPR — would have granted government subsidies to any power plants capable of stori...
