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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

Energen Says High Gas Prices Mean High Profits

LCG, Dec. 1, 2000--Energen Corp., the holding company for Alabama Gas Corp. which serves about 470,000 customers in a belt across central Alabama, said yesterday that high prices for natural gas and oil promise to boost earning beyond earlier expectations.

"On the basis of commodity price strength in the first quarter of our 2001 fiscal year, we are increasingly optimistic over the potential for greater earnings growth in the current year than earlierdiscussed," said Mike Warren, chairman and chief executive.

"Energen's earnings for fiscal year 2001 have the potential to rise more than the 13 percent previously estimated to the extent that commodity prices continue above the assumed levels and our other underlying assumptions remain unchanged," Warren added.

The company said that a 10 increase in natural gas wholesale prices is estimated to have a $400,000 impact on net income.

The company further noted that unlike Energen Resources, the company's natural gas utility does not profit from the high natural gas prices currently in place across the country. Changes in the utility's gas supply costs, up or down, are passed through to the customer without markup, under the terms of a Gas Supply Adjustment rider to its rate schedules.

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