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DOE Acts to Ensure Key Coal-fired Power Plants Are Available in MISO to Supply Peak Summer Demands

LCG, May 18, 2026--The U.S. Secretary of Energy today issued an emergency order to address critical grid reliability issues in the Midwest anticipated this summer. The order is in effect beginning on May 19, 2026, through August 16, 2026. The emergency order directs the Midcontinent Independent System Operator (MISO), in coordination with Consumers Energy, to ensure that the J.H. Campbell coal-fired power plant (Campbell Plant) in West Olive, Michigan shall take all steps necessary to remain available to operate and to minimize costs for the region.

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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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Industry News

Fiat May Buy Italy's Montedison

LCG, July 2, 2001Italian automaker Fiat, in concert with Electricit de France, was expected to make a five billion-euros ($4.24 billion U.S.) bid for conglomerate Montedison, which controls Italy's largest privately owned utility, Edison.

Montedison announced yesterday that it would sell off 1.14 billion euros ($1.35 billion) of assets, setting off a scramble in the Italian investment community.

Fiat's board called a special meeting, following which it issued a short statement supporting plans to create value from its "own activities in the energy sector by transferring them to a designatedcompany that could acquire a significant stake in Montedison." No mention was made of possible participation by EdF, which already owns a fifth of Montedison.

Italian investment bank Mediobanca then took action to protect its agriculture and energy asset from takeover. Montedison announced that the 1.14 billion-euro asset sale had been made and consisted of selling 29 percent of its La Fondiaria insurance company to Italian insurer SAI and 35 percent of holding company Dieci Investmenti to investor Vincent Bollore of France.

Both SAI and Bollore are considered close to Mediobanca and between them they already have a 6 percent interest in Montedison.

Fiat and EdF may go whole hog for Montedison. The companies were reported to have organized a 20-billion-euro credit line, which would enable it to purchase Montedison's voting shares three times over.

Fiat originally was an acronym for Fabbrica Italiana Automobilii Torino (though in the U.S. it is widely supposed that the acronym means "Fix it again, Tony"). The company produces its own power for its auto plants and sells surplus power in the Italian market.

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