June 1 — Under the plan, the federal government would purchase electricity or generation capacity from the plants for two years using its power under Section 202 of the Federal Power Act and the Cold War-era Defense Production Act. Bloomberg first reported on the memo Thursday night.
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.