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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

FERC Threatens Trading Licenses of Energy Companies

LCG, June 5, 2002--Today the Federal Energy Regulatory Commission (FERC) warned that the trading licenses of four companies were in jeopardy due their lack of cooperation in an electricity market investigation.

Williams Cos. Ltd., El Paso Electric, which is independent of El Paso Corporation, Avista Corp., and Portland General Electric Co. were ordered to "show cause why the commission should not revoke their market-based rate authority" within ten days. According to FERC, the companies failed to properly respond to an order requiring that they state whether or not they had participated in manipulative market practices.

FERC's order, signed by three commissioners, said that the four energy traders' responses were "indicative of a failure by these companies to cooperate with our investigation."

Williams was told that it did not answer the original order in a straightforward manner, a statement that Williams contests.

Over 100 companies are under scrutiny in FERC's investigation, which came after memos were released relating Enron trading strategies to market manipulation. The Enron strategies in question include "ricochet," which called for selling electricity out-of-state prior to selling it in-state for the purposes of avoiding price caps and increasing profit.

FERC asserts that trading records from Portland General link that company and Avista to manipulative practices and that trading between the companies were "designed to further the Ricochet and Death Star trading strategies."

Although a public memo refers to $7.3 million in joint revenue between El Paso Electric and Enron, El Paso claimed a mere ball-park $700,000 in its affidavit to FERC and ignorance to any Enron actions taken on its behalf, which FERC asserts is "simply not credible."

Stocks of the four companies are seeing negative effects from the FERC order.

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