Trump's Latest Plan for Saving Coal Comes From the Cold War

  • President has extraordinary authority under 68-year-old law
  • Tactic used to keep electricity flowing amid California crisis

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Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.

Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four people familiar with the discussions who asked for anonymity to discuss private deliberations.