Energy Company Bailouts: Avoiding the Mistakes of the Past

Republicans rightly criticized the $500 million loan guarantee to failed solar energy company Solyndra under the Obama administration, but now the current administration is preparing energy company bailouts that will dwarf the size of that mistake. If this bailout goes forward, taxpayers will be on the hook for billions of dollars for failing coal and nuclear power plants. The Solyndra failure was a textbook example of the pitfalls that exist when the federal government tries to pick winners and losers in the energy industry. The Trump administration seems to not have learned the lesson, as a number of financially troubled… [more]