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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Industry News

Dominion Resources to Buy Louis Dreyfus Gas

LCG, Sept. 10, 2001--Dominion Resources Inc. said on Monday it had agreed to acquire Louis Dreyfus Natural Gas for $2.3 billion in cash, stock and assumed debt in a deal that would increase its natural gas reserves by 60 percent and expand its fast-growing energy trading business.

Virginia-based Dominion said it would pay $890 million in cash and exchange 0.3226 of a share for each share in Oklahoma City-based Louis Dreyfus. Based on Friday's closing price for Dominion shares on the New York Stock Exchange, the stock portion of the deal would be worth about $900 million. Dominion would also assume $505 million in Louis Dreyfus debt.

Dominion said the deal would double its energy trading and sales volumes over 2000 levels to 2.4 trillion cubic feet per year from 1.2 trillion cubic feet per year and would give the company total daily energy production capacity of more than three trillion British thermal units.

Thomas E. Capps, chief executive of Dominion Resources, said that Louis Dreyfus et Cie and its subsidiaries, which own more than 42 percent of Louis Dreyfus Natural Gas' outstanding shares, have committed to vote their shares in favor of the deal.

Dominion expects the transaction to close before the end of this year. There is a $70 million break-up fee if something goes wrong.

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