EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Texans Could Get a Summer Electric Bill Rebate

LCG, May 10, 2001The Texas House of Representatives tentatively approved legislation that would give electric utility customers a refund late this summer, despite protests from utilities that "It's premature to be tinkering" with the state's 1999 electric deregulation law.

Customers of Reliant Energy Inc. in the Houston area would see refunds of up to $120 and those of TXU Utilities Co. would get about $54 if the House gives final approval to the measure, it passes in the Senate and is signed into law.

Those are a lot of "ifs" and the utilities say they will fight the measure every step of the way.

When the deregulation law was passed, investor-owned utilities were allowed to accumulate certain "excess" earnings as a hedge against anticipated losses resulting from changes in the industry. The overcharges were to be reconciled with actual losses in 2004.

The losses have not materialized "as yet," say the utilities and some politicians look on the accumulated money as a way to buy votes. "Don't let the message go out that we have a chance to lower their bills and we voted 'No,'" said the bill's sponsor, Rep. Sylvester Turner, a Houston Democrat.

The utilities say coughing up the money could produce financial instability and that could lead to problems like those in California.

But Texas-size problems appear to be a lot smaller than California-size problems. Turner's measure would cost TXU about $212 million, Reliant around $146 million and Central Power & Light Co. a measly $8 million.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service