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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

CFTC Issues Subpoena for Energy Bids

LCG, Apr. 23, 2003--Bids made by Reliant Resources Inc. through the California Independent System Operator (ISO) in the summer of 2000 are being sought by the Commodities Futures Trading Commission (CFTC), which issued a subpoena to the grid operator.

The ISO released a notice to market participants yesterday that included the subpoena, and stated that it plans to provide the CFTC with the bid data from the requested period, June 18 through June 25, 2000. The federal agency said it wishes to obtain arrangements between Reliant and the ISO for out-of-market sales, and day-ahead, hour-ahead, and real-time market bids.

Although the CFTC lacks the power of prosecution, it has met with representatives of the U.S. Attorney's office in houston, which has charged El Paso Corp. and Dynegy Inc. in cases of alleged reporting of fabricated trades. The ISO will provide the information outlined in the subpoena on May 1, the market notice said.
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