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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
Xcel Energy Reacquires NRG Spin-Off
LCG, Feb. 19, 2002--Xcel Energy has announced it wants to buy all outstanding shares of NRG Energy, which owns unregulated generating assets in the U.S. and other assets abroad.NRG separated from Xcel in 2000, but has become highly leveraged and experienced significant risk of having its debt downgraded. Shares would be bought back at $11.50, 35 percent below their original pricing at issuance.According to NRG, Xcel's announcement did not follow any negotiations between the two companies. Although Xcel has sought to strengthen NRG's position with transfers of capital and forced it to sell off overseas investments, NRG's stock price has fallen 50 percent in the past six months.In communications with analysts, Xcel, which now owns 26 percent of NRG, asserted that its sudden announcement of a buyback at a discount was necessary to prevent a debt downgrade for the struggling unit. NRG's debt is currently investment grade. Credit Lyonnais Securities analyst Gordon Howald commented, "NRG's highly leveraged balance sheet proved unfixable in the near term."
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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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