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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 Utility Confirmation Hearing Postponed

LCG, August 7, 2002-The confirmation hearing regarding Pacific Gas & Electric Company's bankruptcy case was postponed after both the California Public Utilities Commission and the utility's parent PG&E Corporation requested a delay.

Last year the California utility declared bankruptcy. In order to repay over $13 billion in debts and restore the utility's credit rating, two reorganization plans were created. The Public Utilities Commission submitted a plan calling for the utility to remain within state control and pay its debt by way of bonds, stocks, and already available money. PG&E's plan involved splitting up the utility's assets into four parts and transferring three of the parts out of the state's control as unregulated companies.

Federal Bankruptcy Judge Dennis Montali ruled that creditors to the utility could submit votes as to which plan was favorable. These votes would be taken into consideration when the Judge made his decision.

The votes are due August 12, but the confirmation hearing has now been delayed until November 12.

Additionally, the Internal Revenue Service has determined that the utility's plan is a Section 368 tax-free reorganization.

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