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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

Federal Prosecutors Say El Paso Calls Show Conspiracy

LCG, Jan. 13, 2002--During a court hearing today, an Assistant U.S. Attorney, John Lewis, said that the Justice Department has evidence of attempts by the natural gas pipeline owner El Paso Corp. to manipulate the natural gas market during the past two years.

A spokeswoman for El Paso, Norma Dunn, said that the company's ethics would not allow false reporting of price data. The company, which has been cooperating with prosecutors in the U.S. Attorney's Houston office, said that it had uncovered evidence of more false reporting in addition to what it had previously disclosed. El Paso Corp. has maintained that those involved are no longer with the company, which is ending its trading operations.

Charges were brought by prosecutors against Todd Geiger, a former trader for El Paso, in December, for submitting false trades to an industry publication. The publisher of the publication Inside FERC Gas Market Report, Platts, is a subsidiary of McGraw-Hill Cos. Platts said that it did not incorporate the prices reported by Geiger into its indexes, because they fell outside the range of other reported trades. It has not yet made a statement on what happened in the case of other reported trades.

Much of the government's evidence is provided by the substance of 130 to 140 recorded phone calls between traders, which were provided by El Paso on Friday. U.S. District Judge Nancy Atlas today scheduled March 24 as the trial date for Mr. Geiger.
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