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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

Bulgaria to Sign $1.4 Billion Deals with AES, Entergy

LCG, June 1, 2001The Bulgarian cabinet has approved signing two power contracts with U.S. energy firms Entergy Corp. and AES Corp., Prime Minister Ivan Kostov told a news conference yesterday. The combined value of the deals is more than $1.4 billion.

"With today's decision of the cabinet the procedure for signing the two deals has been opened," Kostov told reporters.

One of the projects will be an upgrade of an 840 megawatt coal-fired power plant near Maritsa in southeast Bulgaria, to be undertaken by Entergy as a joint venture with Bulgaria's National Electricity Co. In the other project, a joint venture between the national Electricity Co. and AES will build a new 670 megawatt coal-fired power plant, also near Maritsa.

The Maritsa sites are located in the richest lignite-producing region of the Balkans. Thirty percent of Bulgaria's electricity is generated in the area.

Kostov said the two projects will bolster Bulgaria's position as the main producer and exporter of electric power in the Balkans.

The contracts are expected to be signed within the next two weeks and construction should begin in September or October, according to Ivan Shilyashki, head of Bulgaria's state energy agency.

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