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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

Former Dynegy Gas Trader Indicted

LCG, Jan. 27, 2003--An indictment was unsealed today, alleging that a former trader for Dynegy, Michelle Marie Valencia, had knowingly reported false gas trade prices to a trade publication in three instances in late 2000 and early 2001.

Valencia, 32 years old, was arrested today in Houston on charges of reporting false trade information and wire fraud. According to U.S. Attorney Michael Shelby, the indictment covers 43 trades that the publication, Inside FERC Gas Market, could have used to develop published natural gas price indexes. The indexes in this publication and others have been used to arrive at a settlement of many gas contracts.

Dynegy stated that it continues to cooperate with authorities in their investigations of reporting practices, and that Ms. Valencia was one of seven traders it has dismissed since last fall. The company paid $5 million in December to settle accusations by the Commodities Futures Trading Commission that it had attempted to manipulate gas-price indexes, and did not admit or deny wrongdoing.

Ms. Valencia could have to serve five years in prison and pay a fine of up to $500,000, if convicted.
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