Secretary Wright Joins Fox Business' Varney & Co. – October 29, 2026

Yeah, re-energizing America. Fox Business is getting an exclusive look at Michigan's Palisades nuclear plant with Energy Secretary Chris Wright. Connor Hansen with us now. Spell it out, Connor. How will the administration lower energy prices? Hi, Stuart. Well, Secretary Wright tells us this will lower energy prices for Americans and specifically here when this Palisades plant behind me reopens as soon as next month. To put it in the context, the secretary says this will put out about 800 megawatts of power once it's up and running. That affects about 700,000 homes based right here in western Michigan. Now, this is the That's the first time the Energy Department is restarting a nuclear plant that was Destined to be shuttered completely, it's part of a wave of restarts and upgrades they're doing across the country. Now, we did get that exclusive look inside this plant with the secretary and see what they've been working on. This plant was set to be completely decommissioned, meaning every piece of concrete would have to be removed from the ground, not to mention the nuclear fuel being removed. It's a lengthy and expensive process. The energy secretary blames past administrations for... Shutting down nuclear power and instead subsidizing sources like wind and solar. Here he is. The Trump administration has been all in on launching the nuclear renaissance. The Palisades plant here in southwestern Michigan was shut down four or five years ago, and it'll be back running before the end of this year. 800 megawatts of additional affordable, reliable, secure energy to lower costs for Michiganders and increase job opportunities. This is a reversal of the stuff the Democrats did for years. They did everything they could to stand in the way of energy production. The contrast could not be more stark. The U.S. government is making billions of dollars in financing available for these projects. President Trump signed an executive order directing the Energy Department to work on these projects and also calls for construction to start on 10 new large reactors with complete designs by 2030. Now, in addition to the added power to the grid, this plant alone will account for about 650 jobs here. Stuart? All right, Colin, thank you. President Trump announced plans to roll back Biden-era methane emission rules for oil and gas companies. White House Deputy Press Secretary Taylor Rogers joins me now. Taylor, welcome to the program. Good to see you. What difference will this make to consumers and the cost that they have to bear? Sure. Well, just like we heard Secretary Wright say, the Biden administration did everything they could to stifle American energy dominance. The Biden administration tried to take a one-size-fits-all approach to shut down many of these marginal wells. This was stifling production and would have increased costs for consumers. And so what President Trump announced earlier this week was that we were going to be rolling back this proposed rule so that we can unleash what What these marginal wells have, And this will trickle down to the consumer. It's expected to save the consumer $45 billion by unleashing 210 million barrels of oil. This is great news. And it's what the president promised to do. Look, he promised to unleash American energy dominance. He promised to roll back these radical regulations that the Biden administration and the Democrats put in place. And by the way, that's what they want to continue to do. And the president He wants to continue to do it after the midterms, I'm sure.