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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

More Firms Bare Exposure to Enron Fallout

LCG, Dec. 3, 2001--Twenty more companies were added over the weekend to the list of 33 energy and financial firms admitting to exposure to millions of dollars in losses that could result from the collapse of Enron Corp.

Standard & Poor's said on Friday it has reviewed a number of credit derivative transactions in which Enron appears and found exposure to the company in three different types of these transactions. Divided among these deals, direct Enron credit exposure potentially could total $3.3 billion.

To the list of 33 potential losers reported in this space last Friday, these companies can be added:

  • ABM Amro - 110 million euros ($98 million U.S.).
  • Abbey National (UK) - 115 million ($164 million U.S.).
  • Aegon NV (Netherlands) - loans of $300 million.
  • Denbury Resources - about $26 million.
  • FPL Group - about $2 million.
  • John Hancock Financial Services Inc. - $320 million exposure to Enron's bonds, about one third of that debt secured.
  • International Power Plc - less than 2 million.
  • KCS Energy Inc. - around $3.8 million from hedges and oil and gas sold through Enron units.
  • MetLife Inc. - $63 million.
  • National Fuel Gas - $10.4 million.
  • Nicor Inc. - under $5 million.
  • Oneok Inc. - under $40 million before tax.
  • PG&E Corp.'s National Energy Group - uncollateralized exposure of about $8 million plus commodity hedge contracts with a market value of about $70 million based on forward prices.
  • Principal Financial Group - $171 million, plus another $50 million from investments in Enron-related entities.
  • Royal Bank of Scotland - 600 million ($856 million U.S.).
  • Sony Bank - $3 million.
  • Sumitomo Mitsui Banking Corp. - $210 million.
  • UtiliCorp United Inc. - two unsecured promissory notes totaling $31.5 million.
  • Westport Resources - less than $3.2 million in commodity sales contracts.
  • Wiser Oil - $6.1 million in 2001 and 2002 hedges.
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