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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

Enron's Former Treasurer Under Investigation

LCG, Dec. 30, 2002--The former treasurer for Enron, Ben Glisan Jr., acknowledged in a filing last week in Houston federal court that he is the subject of investigation by the Justice Department, which tried in October to freeze assets in accounts held by Glisan.

Although Glisan is not what is known as a "target" of the investigation, federal prosecutors' labelling of him as a "subject" means in standard terminology used by the Justice Department that his role within Enron may shed light on criminal activity. With his background in accounting, Glisan was one of chief financial officer Andrew Fastow's most senior associates. His filing argued that the attempt to have more than $600,000 worth of assets held in a brokerage and other accounts seized could, if successful, mean that "his right against self-incrimination in the related criminal investigation will be burdened."

According to the Justice Department, the assets were the result of criminal activity, and came from investments in partnerships run by Andrew Fastow which were represented as being independent of Enron. Mr. Glisan had made investments of $5,800 that returned $1 million. Another executive who worked closely with Fastow, Michael Kopper, pleaded guilty in October to conspiracy to defraud Enron and its investors. That plea led to the Justice Department's forfeiture action.

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