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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Industry News

Pepco to Acquire Conectiv for $2.2 Billion

LCG, Feb. 12, 2001-- Potomac Electric Power Co. said this morning it would acquire Conectiv Inc. for $2.2 billion in cash and stock, in a deal that will make the new company the mid-Atlantic region's largest electric utility.

EnergyOnline Daily News reported Friday that the two companies were close to a deal. The $2.2 billion sale price values Conectiv at $25 per share of common stock, a 16 percent premium over Friday's closing price on the New York Stock Exchange.

Conectiv had quietly shopped itself around for several months, but had developed little interest from potential merger partners or buyers.

John Derrick, chairman and chief executive of Pepco, will retain those positions in the new company. Howard Cosgrove, his counterpart at Conectiv will retire.

Pepco said it will cut its annual dividend by 40 percent, from $1.66 to $1.00, effective with the June dividend. The company said the lower dividend was consistent with the payout of other electric distribution companies and the money saved was necessary for growth in an increasingly competitive industry.

Pepco said it expected necessary regulatory approvals to take about a year.

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