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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Industry News

FERC Releases New Utility Debt Restrictions

LCG, February 20, 2003As part of its decision regarding Westar Energy Inc.s debt-related request, FERC has issued debt financing guidelines for utilities.

Today, the Federal Energy Regulatory Commission (FERC) approved Westar Energy Inc.s proposition to raise as much as $650 million in long-term and unsecured debt. The largest electric utility in Kansas, Westar Energy has been trying to reduce its debt by several means, including the sale of non-utility assets and dividend reduction.

According to the commissions decision, Westars sale or placement of long-term, unsecured debt must be accompanied by a filing of a Report of Securities, issued within 30 days of the event.

While FERC will allow Westar Energy to finance its debt, the commission simultaneously released guidelines regarding public utility debt in order to prevent borrowed funds from being used for non-utility purposes.

According to FERCs website, www.ferc.fed.us, these guidelines are:

Public utilities seeking authorization to issue debt backed by a utility asset must use the proceeds of the debt for utility purposes only.

If any utility assets that secure debt issuances are "spun off," the debt must follow the asset and also be "spun off."

If any of the proceeds from unsecured debt are used for non-utility purposes, the debt must follow the non-utility assets. If the non-utility assets are "spun off," then a proportionate share of the debt must follow the "spun-off" non-utility asset.

If utility assets financed by unsecured debt are "spun off" to another entity, then a proportionate share of the debt must also be "spun off."

The commission noted that the new guidelines would apply to all approved secured and unsecured debt authorized by the Commission.

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