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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
Rising Profile of Coal Underlined by Private Equity
LCG, June 15, 2004--Several private equity firms have bought U.S. assets of a German holding company, RAG Coal International AG, for approximately $1 billion, to form a new company, American Coal Holdings Inc., which will be the fourth-largest coal company in the U.S.The announcement of the deal in late May by First Reserve Corp., Blackstone Group, and American Metals & Coal International Inc., gives First Reserve and Blackstone 42.% stakes each in the company, while American Metals will own the remainder, without voting privileges.The assets include mines in Wyoming, Pennsylvania, West Virginia and Illinois, from which approximately 65 million tons are produced annually. The U.S. accounts for approximately one-quarter of global coal supply, while the price of the fuel in the U.S. has risen about 50%, after a sustained rise in natural gas prices, as well as in oil.Blackstone has made previous inroads into the energy sector, with previous purchases of stakes in both an oil firm and a petroleum refinery. First Reserve has already bought into a mining company and an owner of coal reserves.
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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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