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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
California ISO Announces New "Go-Live" Date for MRTU
LCG, August 23, 2007--The California Independent System Operator (California ISO) yesterday announced a new "go-live" date of March 31, 2008 (for a trade date of April 1, 2008) for the implementation of the Market Redesign and Technology Upgrade (MRTU) program. The prior target was February 2008.
The MRTU is designed to improve the electricity market structure in California so as to enable a more efficient and competitive market to evolve.
Key elements of the MRTU include: a financially binding, day-ahead energy market; models for the California ISO to forecast and identify transmission congestion as a tool in managing congestion; Locational Marginal Pricing (LMP) to provide the proper economic signals to influence new generation and transmission investments; provisions to enhance the development of demand response and renewable resources, and upgrades to the aging ISO computer system.
The California ISO stated that numereous MRTU milestones have already been achieved, such as the launching into production mode the system for Congestion Revenue Rights (CCRs).
The Federal Energy Regulatory Commission (FERC) in September 2006 unanimously approved the MRTU program submitted by the California ISO. At that time, the MRTU was scheduled to be implemented in November 2007.
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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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