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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
PG&E Promises Repayment to Creditors
LCG, June 8, 2001--PG&E officials on Thursday told a group of creditors and lawyers representing a portion of those individuals and businesses with claims against the company that outstanding bills would be paid by the utility under a Chapter 11 bankruptcy plan.According to PG&E, major creditors with large claims such as power plant owners and banks are owed 90 percent of the utility's debt to unsecured creditors. This 90 percent stands at about $9.6 billion. Smaller creditors with claims of $10,000 or less might be paid before the other creditors, although Jim Lopes, PG&E's lead bankruptcy attorney said, "We may in fact treat small creditors differently and more expeditiously, but I can't guarantee anything."The recent rate change for PG&E's customers has meant that its ability to buy wholesale power has improved, with the state assuming 41 percent of new charges.Lopes, speaking at the meeting made mandatory by federal bankruptcy laws, said that while the company would like to emerge out of bankruptcy "as soon as we possibly can," the company's bankruptcy plan is not expected to be presented prior to September 5th. The assembled group of six officials of PG&E were resolute on the transfer of approximately $3.9 billion from the utility to the corporate parent, PG&E Corp.
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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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