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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
Bank Wants Feds to Freeze Enron Execs' Assets
LCG, Dec. 10, 2001--Lawyers for a bank which manages worker retirement funds want a federal judge to freeze $1.1 billion in assets of Enron Corp. executives, suggesting the assets are ill-gotten gains and the executives could flee the country with the money.Bill Lerach, an attorney for Amalgamated Bank, told U.S. District Judge Lee Rosenthal that the banks clients had lost more than $10 million in Enron's collapse and he would like to tap that $1.1 billion to get the workers' money back.Judge Rosenthal said she wanted to review written arguments from both sides before addressing the matter later this month.Reuters news agency said Lerach outlined what he alleged was a massive conspiracy of fraud and greed in the executive suites of Houston-based Enron."There was fraud at the top, fraud by the board," he charged in arguments before a courtroom packed with lawyers. "It's worse than any civil fraud case we've ever seen."He alleged that former Enron chief executive Jeff Skilling, who resigned in August after just six months on the job, had gone to Brazil and that former chief financial officer Andrew Fastow, who left the company in October, may have flown to Israel via Canada, Reuters said."I don't want to accuse people of being a flight risk, but I do want to suggest it could be more than an academic exercise in this case," Lerach said.Lawyers for the two former executives claimed they were both in the U.S. and said an asset freeze was unnecessary because there had been no wrongdoing. "To suggest there's a flight risk borders on ridiculous," said Jeffrey Kilduff, attorney for Skilling.Fastow's attorney, Craig Smyser, told Judge Rosenthal that his client "is as distraught as anyone else over the tragic demise of Enron."The $30 million Fastow walked away from Enron with should ease a significant portion of his distress.
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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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