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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

Lenders Cut Maharashtra Electricity Board Some Slack

LCG, Jan 11, 2001Lenders to Dhabol Power Co., Enron Corp.'s big power project near Bombay, India, decided not to take any major action Tuesday after the Maharashtra state electricity board paid its October electric bill, an Indian business newspaper reported this morning.

The Economic Times quoted unnamed sources at Indian financial institutions as saying "Lenders have expressed concerned about the huge credit exposure in DPC and were also disappointed over the state government apparent disinclination to honor its guarantee."

An emergency meeting had been convened among Enron and the Dhabol project's lenders because the Indian state of Maharashtra's state electricity board had fallen three months behind on payment for electricity produced by the new plant.

Over the weekend, the central government of India instructed Maharashtra state to press its electricity board to resolve the past-due bills and Enron had threatened to invoke letters of credit and India's own sovereign guarantee. A few minutes before the creditors' meeting, Maharashtra said it would pay the October bill.

Among the institutions participating in the meeting were the Industrial Development Bank of India, the ICICI Bank of India and the State Bank of India, the country's oldest, largest and most successful commercial bank.

Maharashtra state electricity board's October bill was for rupees 135 crore, or $28.9 million U.S. The past due November bill, which is still outstanding, is $31.7 million. A December bill for $34.1 million is payable this month.

Though the government of Maharashtra bailed out its state electricity board for the October bill, lenders were not confident that it would continue the policy. However, sources close to the Economic Times indicated that pressure from the Indian central government left the state little choice.

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