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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Industry News

Korea Electric Power Split-up Monday

LCG, March 30, 2001The government of South Korea said this morning that it will on Monday split the electric generation assets of state-run Korea Electric Power Corp. into six separate companies in a reorganization of the way wholesale power is sold and as a first step toward their eventual privatization.

"We are on track -- we will officially and legally register them as (individual) companies," an energy ministry official said today. "The (new companies) will also be trading electricity on the Korea Power Exchange starting Monday."

There will be five companies for thermal generation and one hydroelectric and nuclear power company. The thermal companies will have among them a total of 40,129 megawatts of capacity. The hydro-nuclear company will have a capacity of 22,251 megawatts.

The energy official said the six companies will be competitors starting Monday. "Wholesale prices will be deregulated then," he said, "but retail prices will be determined by the government for the time being." He added that retail prices will likely be deregulated in 2003, when the government restructures electric distribution operations.

The Korean government plans to begin privatizing the thermal companies early next year. Plans call for the government to allow foreign investors to purchase two of the thermal companies, which would allow outsiders to control up to 30 percent of South Korea's electric generation.

Korea Electric Power's transmission assets will remain under government control, the official said.

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