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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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PJM Reports Resources Are Adequate to Meet Growing Summer Demand

LCG, May 7, 2026--PJM issued today its Summer Outlook 2026, which forecasts sufficient generation for typical peak demand this summer. PJM states that it is prepared to call on contracted demand response resources to reduce electricity use during times of high system stress.

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Industry News

Enron Files for Chapter 11 Bankruptcy

LCG, Dec. 3, 2001--Enron Corp., collapsing like a house of cards, filed for Chapter 11 bankruptcy yesterday and, at the same time, sued Dynegy Inc. for $10 billion for walking away from a deal to acquire Enron.

Enron filed for Chapter 11 reorganization in U.S. Bankruptcy Court for the Southern District of New York, and filed suit against Dynegy in the same court. In addition to seeking the $10 billion in damages, Enron asked the court to declare that Dynegy is not entitled to exercise its option to acquire Enron's Northern Natural Gas Pipeline.

In a statement, Kenneth L. Lay, Enron's embattled chairman and chief executive, insisted in spite of growing evidence to the contrary that "From an operational standpoint, our energy businesses-including our pipelines and utilities-are conducting normal operations and will continue to do so."

Dynegy responded this morning to Enron's lawsuit with a suit of its own, seeking to protect its option to purchase Northern Natural Gas Pipeline.

Chuck Watson, Dynegy's chairman and chief executive, said "This morning in Houston, Texas, Dynegy filed a lawsuit against several Enron subsidiaries which are not in bankruptcy. This suit demands these companies live up to their obligations."

When Dynegy and Enron announced their merger on November 9, Dynegy advanced $1.5 billion to Enron and was given as collateral shares of preferred stock which constitute an option to purchase the 500-mile pipeline. Last Thursday, Dynegy chose to exercise that option.

Watson characterized Enron's suit to block the pipeline deal as "frivolous and disingenuous."

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