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EPA Proposes Rule Changes to Coal Combustion Residuals (CCR) Requirements to Restore American Energy Dominance

LCG, April 10, 2026--The U.S. Environmental Protection Agency (EPA) announced yesterday a rule proposing several revisions to the federal regulations governing the disposal of coal combustion residuals (CCR) and the beneficial use of CCR. The EPA designed the rule to encourage resource recovery, allow for site-specific considerations in permitting, and provide regulatory relief while continuing to protect human health and the environment. The EPA will be accepting comments on the rule for 60 days after publication in the Federal Register, and it will also hold an online public hearing on the rule.

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Vault 44.01 Receives EPA Class VI Permit Approval for CCS Project in Indiana

LCG, April 9, 2026--Vault 44.01 Ltd. (Vault) announced today that the U.S. Environmental Protection Agency (EPA) Region 5 has issued a final Underground Injection Control (UIC) Class VI permit for the One Carbon Partnership CCS project (the "OCP Project") near Union City, Indiana. The One Carbon Partnership is a joint venture between Cardinal Ethanol and Vault.

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Industry News

Dynegy Covers Backside in Enron Deal

LCG, Nov. 13, 2001--Shares in Dynegy Inc. continued their strength this morning as the company revealed the extent of the financial protection it has secured as part of a $10 billion rescue bid for Enron Corp., the Financial Times reported.

Chuck Watson, chairman of Dynegy, said: "We are absolutely adequately protected, but I am confident we will not need it." The ultimate protection is, the company has the right to abandon the deal if Enron's earnings are revised down by more than 10 to 15 percent.

Under a number of material adverse change clauses, Dynegy has also negotiated a range of other conditions relating to balance sheet impairment, off-balance-sheet exposure, credit rating downgrades and the outcome of a Securities and Exchange Commission investigation, the paper said.

Dynegy could walk away if Enron's legal liabilities topped $3.5 billion, and the smaller company has also taken into consideration that "off-balance-sheet liabilities" bring total debt to $20 billion, including $15 billion of on-balance-sheet debt and preferred stock.

Dynegy has also estimated that the international assets need to be written down by $5 billion and the broadband assets by $500 million to $600 million, according to people close to the negotiations. In addition, accounting for the takeover as a purchase makes it far easier for Dynegy to do the write-downs.

According to the Financial Times, the most important part of the cushion is price. "The biggest protection is, we bought Enron for $10 billion -- or $8 billion or $9 billion. Who's counting?" Watson said. "That is a major protection."

The paper said that more than half of Enron's 20,000 staff could be cut as the once-mighty company completes key asset sales of the businesses -- outside core energy trading and marketing -- that have used up cash in return for low-quality earnings.

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