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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

PG&E Bankruptcy Mediators Appointed

LCG, Feb. 28, 2002--A set of mediators appointed by U.S. Bankruptcy Judge Dennis Montali to bring opposing arguments by Pacific Gas & Electric Co. and the California Public Utilities Commission closer to an understanding were approved by both parties, and by state Attorney General Bill Lockyer, yesterday.

The appointees are Antonio Piazza and Marc Feder, of the San Francisco firm Gregorio, Haldeman and Piazza. PG&E had been resistant to mediation, and has argued against the CPUC's proposed reorganization plan, which competes with its own plan. Montali said that he is now considering both plans, although the CPUC will need to submit a more substantial proposal by April 15. PG&E intends to submit an updated plan March 7.

Under the CPUCs proposal, excess revenue realized by PG&E would be used to pay creditors. At the same time, dividend payments would stop temporarily, and long-term debt would be restructured. PG&E layer James Lopes said the CPUCs proposal was off by about $4.5 billion. The CPUC said fuller disclosure by the utility would have helped it to submit a realistic proposal.

Montali had expressed skepticism several weeks earlier at the possibility that state regulations concerning utilities and environmental restrictions could be trumped by federal law, a key part of PG&Es own proposed restructuring. The plan would shift generating assets and land to PG&Es corporate parent, PGE Corp.
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