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News
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LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.
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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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Industry News
Enron Executive Receives Prison Sentence
LCG, September 11, 2003Ben Glisan, former treasurer for the Enron Corporation, was sentenced to five years in federal prison for conspiracy to commit wire fraud. Glisan was sentenced yesterday after he plead guilty to one count of criminal wire fraud. He will forfeit $938,000 as illegally obtained revenue. He will also not receive any refund for the $412,000 he paid in income taxes last year. Prosecutors were probably hoping to make a deal with Glisan in order to develop cases against Enrons big fish, particularly former chief executive Jeff Skilling and former chairman Ken Lay. However, Glisan has proved fairly uncooperative, and the Justice Department said they made no agreement. Glisan worked under Andrew Fastow, Enrons former financial officer. In May, Glisan, Fastow, and former Enron employee Dan Boyle plead innocent to indictments addressing allegedly manipulative accounting. Yesterday, however, Glisan announced that he participated in an off-balance sheet partnership, Talon, that involved $30 million in capital that came from Enron but was reported as outside capital. He noted that he and others planned to manipulate Enrons financial statements. Over twenty people previously employed by or somehow related to Enron have been indicted. Six have plead guilty, but Glisan is the first to be sent to prison.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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