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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

Calpine Adds 205 Billion Feet of Proven Reserves

LCG, July 26, 2000--Independent power producer Calpine Corp. said yesterday it had made three strategic acquisitions that add 205 billion cubic feet equivalent of proven natural gas reserves to the companys natural gas portfolio, nearly doubling its has reserves.

The three acquisitions, which bring Calpines proven reserves to 430 billion cubic feet, cost the company about $206 million.

Calpines Charles Chambers, vice president for business development, said the acquisitions were in support of the companys objective of reaching 40,000 megawatts of generation on line. "In addition to enhancing our in-depth fuels capabilities, these acquisitions provide Calpine access to three strategic gas markets and strengthen our position as a premier power provider," he said.

The first transaction consists of three fields in the Gulf of Mexico and includes 5 drilling locationsenhanced with 3-D seismic, one of which has already been successfully drilled. Current production isaround 17 million cubic feet per day, increasing to 23 million by the end of the year.

A second transaction involves the acquisition of a Canadian firm, Calgary-based Quintana Minerals Canada Corp., whose reserves are located in British Columbia, Alberta andSaskatchewan. The assets include interests in 1,300 wells, upside potentialwithin 180,000 net acres of undeveloped lands, and an excellent staff of energy professionals locatedin Calgary. Current production is approximately 38 million cubic feet per day, and will increase to 42 million by the end of the year.

In the third transaction, Calpine acquired natural gas assets in the Piceance Basin, Colorado andonshore Gulf Coast from a privately-held Houston, Texas-based company. The assets include 126wells, 79,000 acres of undeveloped lands, and 195 potential drilling locations with historical successrates of over 90 percent. Current production is 10 million cubic feet a day, and that will double by the end of the year.

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