Ticker: Energy chief says coal plants kept heat on; Four Roses bourbon brand sold to Gallo

The Trump administration said Friday that its use of emergency orders to keep aging coal-fired plants operating helped prevent a major blackout from power shortages during the brutally frigid weather that has gripped most of America for the past two weeks.

Scattered outages occurred because of ice accumulation that felled local power lines, leaving hundreds of thousands without power, at least briefly. But the nation’s regional power grids generally maintained reliable electricity service, with natural gas and coal leading the way, Energy Secretary Chris Wright and other officials said.

“The big picture story is where we actually got energy from during this storm,” Wright said at a news conference at the Energy Department. “In fact, we had times where our existing capacity couldn’t deliver anything and the lights would have gone out if not for emergency orders.”

Four Roses bourbon brand sold to Gallo

Gallo signaled Friday that it sees wine and whiskey as a good mix for business.

The wine giant said it plans to add a prominent Kentucky bourbon brand to its portfolio in a deal to purchase Four Roses Distillery from Japanese-based Kirin.

The deal, valued at up to $775 million, is expected to close in the second quarter of this year, Kirin said in a release. California-based Gallo said no changes are planned in operations, production or distribution once it acquires the Four Roses brand — produced in Lawrenceburg in the heart of Kentucky bourbon country.

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