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News
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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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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
PG&E Audit Says Utility Wasn't Paying Attention
A state-ordered audit of Pacific Gas & Electric Co. released yesterday evening confirmed that the utility had rolled up losses of $5.2 billion selling high-priced electricity at frozen low retail rates, but said the company failed to heed months of warning that trouble was coming.The independent audit, ordered by the California Public Utilities Commission, said the company failed to take steps that could have husbanded its cash against impending insolvency. The report noted, for example, that PG&E paid $632 million in dividends last year, even as its cash reserves were wasting away.The company could have taken other steps, in addition to cutting or eliminating its dividend, the audit said. "Deferment of reduction of employee or management compensation represents one of the most immediate ways to achieve savings," the report said.The auditors concluded that PG&E did not realize, until is was facing insolvency, that power producers would quit selling electricity on credit.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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