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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

Enron Prepared To Sell Trading Arm, Its Largest Source of Revenue

LCG, Jan. 14, 2002--UBS AG, Switzerland's largest bank, is prepared to take over Enron Corp's trading unit, relates the New York Times.

Enron will give up its equity stake, an unexpected development in the deal. Enron will have an interest in the venture's profits, although conditions of the deal will favor UBS' buyout of that interest after five years. If UBS decides against that move, its 33 percent royalty payments on profits would increase to 45 percent.

A rival bidder for the trading operations, Citigroup Inc., was passed over when Enron's unsecured creditor committee, representing banks and holders of Enron debt, selected UBS' offer.

In order for the deal to be realized, U.S. Bankruptcy Court Judge Arthur Gonzalez will have to approve the terms, which emerged from overnight negotiations in New York City. Documentation which will be submitted to the court will also be posted on Enron's website by 11 p.m. Eastern Standard Time.

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