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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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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Industry News

FERC Receives Criticism Over Grid Incentives

LCG, Mar. 14, 2003--The period allowed by Federal Energy Regulatory Commission (FERC) for public comment on current rulemaking proposals ended yesterday, with a number of commercial energy users and state agencies questioning a method to reward utilities that sell their transmission assets or make them part of regional grids.

Numerous estimates were made of how much energy consumers would pay to utilities that were allowed incentives of up to 300 basis points in higher rates of return to yield control of their transmission assets. FERC believes that opening the transmission grid by encouraging regional transmission organizations would lead to lower energy prices. While the Edison Electric Institute, a representative for a group of large investor-owned utilities, put the cost of the incentives at $20 million per year, a group of state consumer advocates estimated their cost at $711 million per year.

Profit margins of 15 percent could be possible for utilities under the proposed rules. Williams Cos. Inc. found that the reduction of discrimination in grid access would be beneficial, with the incentives costing residential consumers less than $2 per year. Companies submitting comments to the FERC included Boeing Co., Georgia-Pacific Corp., Hewlett-Packard Co. and Weyerhauser Co. Members of that group found the rates of return that would be allowed to be excessive.
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