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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.

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Industry News

NRG to Buy 5,700 Megawatts Worth of Plants

LCG, Nov. 8, 2000--NRG Energy Inc. said yesterday it plans to buy a 5,691 megawatt portfolio of operating projects and projects in construction and advanced development from LS Power LLC for $658 million.

NRG said it is acquiring net ownership interests totaling 1,755 megawatts in four facilities in operation and construction. An additional two projects totaling 2,336 megawatts are expected to reach construction financial close early next year. The remaining four projects, totaling 1,600 megawatts, are in advanced development.

"This acquisition is expected to contribute to NRG's long-term earnings growth and expand ourUnited States generation portfolio," said David H. Peterson, NRG chairman and chief executive, in a statement.

The facilities are located in Illinois, Mississippi, Florida and Texas, which NRG says gives them access to the Chicago, New Orleans and Tampa, Florida electricity markets. All are natural gas-fired, combined-cycle designs, fueled through direct interconnection with multiple competing gas pipelines and are located in the electric transmission system.

NRG will also have the opportunity to acquire ownership interests in the next 3,000 MW of generation projects developed and offered for sale by LS Power and its partners.

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