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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
FERC Caps New York Electric Rates
LCG, June 29, 2001The Federal Energy Regulatory Commission, hoping to avoid California-style price increases, yesterday approved a plan to rein in wholesale power prices in New York State through this summer.The FERC plan specifies that once wholesale prices rise to a certain level, a cap would be imposed. Utilities or power producers charging more than the cap would have to justify their prices upon review.The controls, approved unanimously by the five-member commission, would remain in effect through the end of October. "We're going to be diligent in making sure that rates are low," said FERC Chairman Curt Hebert.The federal agency, a division of the Department of Energy, rejected a request by New York State officials that would allow collection of retroactive damages against power producers who were believed to have inflated prices.Nevertheless, New York State Attorney General Eliot Spitzer was pleased with FERC's action. "This is a critical step for us as we head into summer," he said.A group representing the state's non-utility generators said it was disappointed with the plan. "There is no evidence of market power abuses in New York state," said Gavin Donohue, executive director of the Independent Power Producers of New York State. "It sends a bad signal that to do business in New York, you have to play by different rules than other places."Under FERC's plan, a review would kick in if power prices anywhere in the state rose to $150 per megawatt-hour, or if one or more power producers charged $100 more than the average for a particular region. Currently, wholesale power prices in New York are around $60 per megawatt-hour.New York Gov. George Pataki hailed the proposal, calling it "an important step toward protecting energy consumers."
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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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