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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
E·on, BP in Gas-for-Oil Asset Swap
LCG, July 17, 2001Germany's big energy firm Eon AG said yesterday it has reached agreement with British global petroleum giant BP Plc on a swap of assets that will move certain BP gas properties to Eon and some Eon oil interests to BP. A lot of cash will be involved as well.BP will pay 6.5 billion euros ($5.5 billion U.S.) and assume $950 million in debt for a 51 percent interest in Veba Oel, an Eon subsidiary that owns Aral, Germany's leading chain of gas stations, and will have an option to buy the remaining shares beginning in April. BP said it expects annual savings and revenue increases totaling $200 million if it buys the entire company.Eon will pay 1.63 billion euros ($1.4 billion) for 51 percent of BP unit Gelsenberg AG, which owns 25.5 percent of Ruhrgas, Germany's largest gas importer and one of Europe's three largest natural gas companies. Eon will also have an option to buy the rest of Gelsenberg beginning January.Eon, which was formed in 1999 through the merger of utilities Veba AG and Viag AG, earlier this year bought British utility Powergen Plc for $7.4 billion, giving the German company a presence in the British and U.S. electricity markets.
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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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