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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
Enron's Portland General Sale on the Rocks
LCG, March 26, 2001The agreement by Sierra Pacific Resources to purchase Portland General Electric Co. from Enron Corp. for around $2 billion plus assumption of about $1 billion in debt appears to have fallen victim to the deteriorating state of the Western U.S. electric industry.When the agreement was announced in November 1999, the companies expected to wrap up the transaction in about six months. But, by the middle of the year 2000, the financial picture of the power industry in the West was rapidly changing.That change was made apparent to almost everybody when wholesale market prices for electricity were passed through undiluted to the retail customers of San Diego Gas & Electric Co., who saw their electric bills double in just one month from May to June 2000.Sierra Pacific, which owns Nevada's two electric utilities, said increased costs for power as well as power plant fuel caused it to spend $889 million more in 2000 that it had planned to part with, producing a loss for the year of $39.8 million, or 51 cents per share.Then, Nevada regulators, looking across the Sierra Nevada Mountains, became aware that much of the problem in California was caused by an insufficiency of power supply and ordered Sierra Pacific not to sell any more of its generating assets. The proceeds of those sales were counted on to help pay for Portland General Electric.On Friday, Jeffrey Skilling, Enron's chief executive, said there is only a "5 percent probability" that the sale of Portland General Electric to Sierra Pacific will be consummated. He added that Enron was "not in a particular rush" to sell the Oregon utility, though there were higher-profit places the proceeds of such a sale could be put to work.
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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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