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EPA Announces Proposed Rule Action to Revise ELG's and Support Reliable, Affordable Coal-fired Power Plants

LCG, May 14, 2026--The U.S. Environmental Protection Agency (EPA) announced today that it is proposing a rule to revise wastewater limits, known as effluent limitations guidelines (ELG), for steam electric power plants that will help improve grid reliability and lower electricity prices while continuing to support clean and safe water resources. If finalized, the EPA's proposal is estimated to reduce electricity generation costs by as much as $1.1 billion annually, which could provide cost-savings to American consumers.

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DOE Awards $94 Million to Eight American Companies to Accelerate SMR Deployments and Develop Supply Chain

LCG, May 14, 2026--The U.S. Department of Energy (DOE) today announced the selection of eight companies to support the near-term deployment of advanced light-water small modular reactors (SMRs) in the United States. The DOE states that awardees will collectively receive more than $94 million in Federal cost-shared funding to spur additional Gen III+ SMR deployments by addressing key gaps that have hindered the domestic nuclear industry in licensing, supply chain, and site preparation.

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Industry News

Hidrocantábrico Ousts TXU’s Turberville

LCG, July 13, 2000--Phil Turberville, chief executive of TXU Corp.s TXU Europe unit, has been removed from the permanent committee responsible for the day-to-day operations of Spains fourth-largest electric generation company, Hidroelctrica del Cantbrico.

The action by Hidrocantbricos board, of which Turberville remains a member, is in response to suspected collusion between TXU Europe and Belgian electricity distributor Electrabel in acquisition of 15 percent of Hidrocantbrico's shares last week, circumventing Spain's takeover code which requires any accumulation of 25 percent or more of a companys shares to proceed to full takeover.

In March, TXU owned 5 percent of Hidrocantbrico when it launched a takeover bid. It doubled its stake to 10 percent and subsequently added another 3.94 percent, bringing its ownership in the Spanish company to 13.94 percent.

Last week, TXU added another 5.26 percent stake in Hidrocantbrico, bringing its interest to 19.2 percent, still well short of the mark that would trigger a full takeover. At the same time, and at the same price, Electrabel bought a 10 percent interest in Hidrocantbrico, and Turberville was alleged to have held talks with Electrabel officials.

TXU denied any irregularities, saying "The only relationship we have had with Electrabel is an agreement that if they are forced to sell their Hidrocantbrico shares, by competition authorities, we would have an option to purchase them."

Electrabel also denied that the company was acting in concert with TXU in order to take control of Hidrocantbrico.

The twin deals are being investigated by Spanish stock market regulators, a move endorsed by the Hidrocantbrico board.

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