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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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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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Industry News

Enron Will Sell Out, Forbes Says

LCG, Nov. 8, 2001--The Internet version of Forbes Magazine predicted this morning that Enron Corp. would sell itself to its much smaller rival Dynegy for $8 billion in stock, a fraction of its former value.

As part of the deal, Chevron-Texaco, which owns 27% of Dynegy, would pump at least $1.5 billion in cash into Enron upon the inking of an agreement and an additional $1 billion when the deal closed, Forbes said.

The New York Times noted this morning that Dynegy would also be taking on Enron's $12.8 billion debt load, but that's just the debt that shows up on Enron's balance sheet. It is estimated that billions more in debt has been accumulated off the balance sheet.

It is these off-balance-sheet transactions that have triggered an investigation by the Securities and Exchange Commission and a host of class action lawsuits on behalf of shareholders who have seen the value of their investments cut by four-fifths.

Enron was expected to furnish the SEC today with answers to questions the agency has posed in its investigation, and on Friday the company will meet Friday with its creditors about the company's continuing crisis and the proposed merger. The hope is a deal with Dynegy will lead Enron out of the storm and cause its trading partners to have enough confidence to do business with the company, Forbes said.

In a filing with the Securities and Exchange Commission this morning, Enron said financial statements from 1997 through the first half of 2001 ``should not be relied upon'' and that partnerships run by Enron officials during that period should have been consolidated into the company's the financial results.

"We believe that the information we have made available addresses a number of the concerns that have been raised by our shareholders and the SEC about these matters," said Kenneth Lay, Enron's chairman and chief executive.

The company also fired two executives this morning: Ben Glisan, its treasurer, and Kristina Mordaunt, general counsel for one of its divisions. Previously, Enron had sacked chief financial officer Andrew Fastow, who was in charge of some of the partnerships.

Enron's shares sank to $7.00 yesterday on the new York Stock Exchange before recovering to close at $9.05. At 12:30 EST today, they were trading at about $8.50.

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