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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

Allete? That’s Minnesota Power’s New Moniker; Meantime, Precision Power Became Xcelecom

LCG, Aug. 9, 2000--The search for "brand names" by U.S. electric companies continues, and so far no one has found the magic word that will stick in Americas consciousness the way Ford, Chevrolet, Edison, Westinghouse, Dow or DuPont have.

Yesterday, Minnesota Power Co. announced with enthusiasm that beginning September 1 it will go by the alias "Allete," though its electricity customers will still make out their checks to Minnesota Power. The company lamely explained that the new name combines "all" and "elite." If thats the case, why didnt it come out "Allite?"

Ed Russell, Minnesota Powers chairman, said "We wanted to be both all-inclusive and recognized for striving to be the best." The all-inclusive part is a problem. Minnesota Power is very big in the used car auction business in the U.S. and Canada and recently bought some water properties in Florida.

Hes hoping that "Allete" will strike in the public the same sort of chord as do General Electric, United Airlines, Ivory Soap, Safeway and even the Atcheson, Topeka and Santa Fe Railroad Co.

Minnesota Power wasnt alone in this search yesterday. Precision Power Inc., a non-regulated affiliate of United Illuminating Co., New Haven, Conn. electric utility, said its name had been changed to "Xcelecom." It likes the "com" part so much that it will have a Website named Xcelecom.com.

Dennis Dugan, the companys president, said "We felt our name needed to more broadly reflect our capabilities, strategy and objectives as we move forward and continue building the company."

Precision Power wont disappear. It will continue to be a non-regulated electric service provider in New Haven, but the company wants to get into all kinds of telecommunications businesses and has recently made some acquisitions, including The Data Store in New Jersey and an electrical contractor in Pennsylvania.

The thing about successful company names is, they usually tell you the "who" or the "what" and sometimes both.

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