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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
Progress and Southern Close Another Deal
LCG, October 4, 2006--Progress Energy announced yesterday that the
Georgia Public Service Commission certified Progress Energy's power
purchase agreements (PPAs) to sell 1,039 MW of peaking resources in three tolling contracts to Georgia Power, a subsidiary of Southern Company.
The three PPAs have 15-year terms, beginning June 1, 2009, and are associated with existing electric generating stations located in Georgia. The three stations are comprised of gas-fired, combustion turbine units. Following a lengthy RFP process, the PPAs were executed by Progress Ventures subsidiaries Washington County Power, LLC (302 MW), Walton County
Power, LLC (436 MW) and MPC Generating, LLC (301 MW).
Progress Energy stated that the new tolling agreements are part of its strategy to reduce its risk profile and that the agreements will produce more than $500 million in revenue over the term of the contracts.
The PPAs expand the transactions between Progress Energy and Southern Company. In July, Southern announced that it executed a long-term PPA with Progress Ventures that calls for Southern to provide approximately 621 MW of wholesale electricity to Progress Ventures from 2009 through 2015. For this PPA, the electricity is to be generated by a new, combined-cycle power unit to be built at Plant Franklin, located in Smiths, Alabama. Plant Franklin is owned by Southern's unregulated subsidiary, Southern Power.
In September, Southern Company announced that it has closed on the purchase from Progress Energy of the Rowan County Energy Complex in North Carolina. The gas-fired, electric generating station has a total generating capacity of 925 MW. Earlier this year, Southern Company closed on the purchase of the DeSoto County Energy Complex in Florida, which includes two 160-MW gas-fired units, from Progress Energy.
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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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