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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
Fiat May Buy Italy's Montedison
LCG, July 2, 2001Italian automaker Fiat, in concert with Electricit de France, was expected to make a five billion-euros ($4.24 billion U.S.) bid for conglomerate Montedison, which controls Italy's largest privately owned utility, Edison.Montedison announced yesterday that it would sell off 1.14 billion euros ($1.35 billion) of assets, setting off a scramble in the Italian investment community.Fiat's board called a special meeting, following which it issued a short statement supporting plans to create value from its "own activities in the energy sector by transferring them to a designatedcompany that could acquire a significant stake in Montedison." No mention was made of possible participation by EdF, which already owns a fifth of Montedison.Italian investment bank Mediobanca then took action to protect its agriculture and energy asset from takeover. Montedison announced that the 1.14 billion-euro asset sale had been made and consisted of selling 29 percent of its La Fondiaria insurance company to Italian insurer SAI and 35 percent of holding company Dieci Investmenti to investor Vincent Bollore of France.Both SAI and Bollore are considered close to Mediobanca and between them they already have a 6 percent interest in Montedison.Fiat and EdF may go whole hog for Montedison. The companies were reported to have organized a 20-billion-euro credit line, which would enable it to purchase Montedison's voting shares three times over.Fiat originally was an acronym for Fabbrica Italiana Automobilii Torino (though in the U.S. it is widely supposed that the acronym means "Fix it again, Tony"). The company produces its own power for its auto plants and sells surplus power in the Italian market.
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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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