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Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

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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Doral Renewables Selects NovaSource as Partner to Deploy the 1.6-GWdc Mammoth Solar Project in Indiana

LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.

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Industry News

Nevada Power Files for Lower Rates

LCG, Nov. 14, 2002--Projections of continued low wholesale power prices have led Nevada Power to file for a 5.3 percent decrease in rates with the Nevada Public Utilities Commission.

The rate filing also includes costs for expensive power previously purchased on the spot market during the Western energy crisis, but not fully paid for by Nevada Power. The chairman and chief executive of Sierra Pacific Resources, the parent company of Nevada Power, Walt Higgins, said that he believes that with the current supply situation, this would be a good time for the utility to sign long-term contracts, in order to minimize future rate volatility.

The Southern Nevada Water Authority, which has offered to buy Nevada Power, has indicated that if it can acquire the electric utility, it would be able to lower rates by over 20 percent, based on a superior credit rating and lower borrowing costs.

Based on Nevada Power's filing, the change in a household bill for 1,250 kWh would amount to a decrease of about $6.39, bringing the total to $109.69, according to the company. Possible offsets to a decrease could come if a $229 million lawsuit brought by an Enron subsidiary over energy contracts which were canceled by Nevada Power is successful.
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