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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

Electricity Rate Hikes Hit Rhode Island Consumers

LCG, March 27, 2001Rhode island was the first state in the nation to embrace electric deregulation and now some of its citizens are wondering if it was such a good idea, according to this morning's edition of the Providence Journal.

During a Rhode Island Public Utilities Commission hearing yesterday on a request by Narragansett Electric Co. for a 3 percent rate increase, consumers who testified were unable to forget four other rate increases in the past year that have caused electric bills to rise 30 percent.

"Do you realize how much you are hurting me and people like me?" Josephine Drake asked officials from Narragansett Electric. "My God, when is this going to end?"

Kate Racine, a member of the PUC, said the commission will decide Thursday whether to grant the rate increase but said it would likely be allowed because it is a fuel adjustment increase and the PUC has no choice. "It's a most difficult this to sit here and know how this impacts people's lives," she said.

It was impacting the life of Margaret Rogers, who testified that she was glad all the rate increases came in little bites. "But you're killing us just the same," she said. "It's getting harder and harder."

Ronal Gerwatowski, Narragansett's attorney, said "It's not easy for to come here and ask to increase our customers ' bills." He said the utility can no longer control prices, having sold its power plants. He said spot market prices for electricity this summer are already 11 cents a kilowatt-hour, compared with the 6.3 cents a kilowatt-hour under the proposed rate increase. The current rate is 5.9 cents a kilowatt-hour.

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