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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

Northeast Ups Payout, Confident in Con Edison Suit

LCG, June 29, 2001--Northeast Utilities is in the discovery phase of its lawsuit against Consolidated Edison Inc., Chief Executive Officer Michael Morris told the company's annual meeting yesterday. Northeast filed the suit after a merger between the two companies fell apart.

The suit, filed in the Federal District Court in Manhattan, seeks $1 billion in damages from Con Edison, the parent company for New York City's electric utility. Northeast claims Con Edison weaseled out of a $7.5 billion merger agreement the companies reached in October 1999.

Morris said his company is "more convinced than ever that Con Edison sought a way to lower the price paid for Northeast Utilities or get out" of the 1999 agreement. He added "We are feeling better and better about the lawsuit."

Morris also told shareholders of company plans to spend $800-$900 million over the next five years to double its capacity to move power to Long Island and to increase southwestern Connecticut's supply of electricity.

The Northeast board also increased the company's dividend payout by 25 percent, raising the annual rate to 50 cents from 40 cents.

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