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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

More Sarbanes-Oxley Rules Up for Discussion

LCG, January 2, 2003-The SEC intends to discuss additional rules under the already-passed Sarbanes-Oxley legislation, aimed at limiting the liability of companies not in compliance.

The Sarbanes-Oxley law, which was enacted on July 30, 2002, requires companies to have an independent audit committee and procedures for dealing with complaints over accounting.

The Securities and Exchange Commission will consider additional rules within Sarbanes-Oxley at a January 8 meeting. The Commission will discuss setting up guidelines regarding the listing of companies who fail to comply with the Sarbanes-Oxley law. The SEC may decide to prohibit the public listing of such companies.

The SEC is required to have such rules regarding public companies within 270 days of the law's adoption.

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