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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

Xcel Energy Reacquires NRG Spin-Off

LCG, Feb. 19, 2002--Xcel Energy has announced it wants to buy all outstanding shares of NRG Energy, which owns unregulated generating assets in the U.S. and other assets abroad.

NRG separated from Xcel in 2000, but has become highly leveraged and experienced significant risk of having its debt downgraded. Shares would be bought back at $11.50, 35 percent below their original pricing at issuance.

According to NRG, Xcel's announcement did not follow any negotiations between the two companies. Although Xcel has sought to strengthen NRG's position with transfers of capital and forced it to sell off overseas investments, NRG's stock price has fallen 50 percent in the past six months.

In communications with analysts, Xcel, which now owns 26 percent of NRG, asserted that its sudden announcement of a buyback at a discount was necessary to prevent a debt downgrade for the struggling unit. NRG's debt is currently investment grade. Credit Lyonnais Securities analyst Gordon Howald commented, "NRG's highly leveraged balance sheet proved unfixable in the near term."
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