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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

Morgan Stanley and Reliant Resources Settle Market Allegations with FERC

LCG, September 2, 2003The Federal Energy Regulatory Commission came to settlements with Morgan Stanley over alleged violations of trading rules and with Reliant over allegedly manipulative trading behavior.

Morgan Stanley has agreed to pay $857,089 in order to set aside claims that it was not in compliance with electricity market rules during the Western power crisis of 2000 and 2001.

Reliant Resources and FERC also came to an agreement over the companys allegedly manipulative electricity trades. Reliant has said it will pay $836,000 in order to bypass accusations that it double-sold ancillary services. The amount is supposed to reflect the profit that the company made by its alleged practices.

The settlements were filed on Friday. Morgan Stanleys settlement still faces FERC board approval.

FERC has encouraged companies involved in questionable behavior during 2000 and 2001 to try to settle allegations before November 3. An administrative law judge will preside over cases in November, when formal hearings begin.

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