Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024. Which stocks will surge next?Unlock AI-picked Stocks

Energy Chief Perry Tells Trump He Plans to Leave Post This Year

Published 10/17/2019, 09:42 PM
Updated 10/18/2019, 01:02 AM
Energy Chief Perry Tells Trump He Plans to Leave Post This Year

(Bloomberg) -- Energy Secretary Rick Perry notified President Donald Trump on Thursday that he’ll leave the post this year.

Perry, one of the administration’s original cabinet secretaries, enjoyed good rapport with Trump. The former Texas governor has recently come under scrutiny in the House impeachment inquiry over his discussions with Ukraine.

In a letter, Perry told the president that Americans would benefit from his policies for “years to come.” He went on to say: “Please accept this letter as my official notification that I plan to resign at a date later this year.”

Trump praised Perry during a trip to Texas on Thursday and said a replacement would be announced soon. “It’s a man that we’re going to be putting in Rick’s place,” without elaborating.

Perry had been planning his departure from the agency well before the Ukraine controversy became the subject of an impeachment query in the House.

Perry had avoided the missteps that led to the downfall and exit of other cabinet members including Environmental Protection Agency Administrator Scott Pruitt and Interior Secretary Ryan Zinke.

But as the impeachment investigation into White House interactions with Ukraine’s President Volodymyr Zelenskiy has expanded, some of that good will seemed to disappear. Trump earlier this month blamed Perry for the July 25 call with Zelenskiy that led to the whistle-blower complaint that spurred the probe, telling Republican lawmakers it was his energy secretary’s idea.

The House is investigating allegations Trump on the call pressured Zelenskiy to investigate Democrat Joe Biden and his son, Hunter, for activities in Ukraine.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Perry has met at least three times with Zelenskiy, including in May when he led a delegation to Ukraine’s presidential inauguration in place of Vice President Mike Pence. That trip was referenced in the whistle-blower complaint that sparked the House’s swift-moving impeachment inquiry.

House Democrats this month issued a subpoena for Perry, demanding more details about the trip, the phone call, and if Perry attempted to make changes to the board of state-owned utility Naftogaz. Those documents are due Oct. 18, according to the subpoena.

Perry told the Wall Street Journal in an interview published Wednesday that he called Trump’s personal lawyer, Rudy Giuliani, earlier this year at the president’s direction to address concerns about Ukrainian corruption. Those remarks seen by some as cavalier and not helpful to Trump’s cause.

Perry, 69, has led the agency he once vowed to eliminate since March 2017, and has told friends he’d like to make money in the private sector before retiring.

For months, Perry has been clearing the way for his likely successor, Deputy Energy Secretary Dan Brouillette, according to a person familiar with the matter. Brouillette has taken a bigger role in some department policy matters, such as natural gas exports, and he has more frequently served as the public face of the agency, including on diplomatic missions to tout American energy to foreign allies.

Brouillette would likely fill the role of secretary on an acting basis after Perry’s departure, regardless. Although Brouillette is widely expected to be nominated for the post, other possibilities discussed in Washington include Nuclear Regulatory Commission Chairwoman Kristine Svinicki and Neil Chatterjee, chairman of the Federal Energy Regulatory Commission.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

However, Chatterjee on Thursday told reporters he plans to stay at FERC through the remainder of his term, which ends in June 2021 and has “never expressed interest in being DOE secretary.”

Several key Perry aides also recently departed as the secretary prepares to leave.

During his tenure at the department, which has an annual budget of about $30 billion and a mission that ranges from safeguarding nuclear weapons to maintaining the emergency oil reserve, Perry pressed unsuccessfully for a government rescue of unprofitable coal and nuclear plants.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.