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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

Bear Sterns to Acquire Interests in AEP Plants

LCG, Mar. 10, 2004--An agreement has been reached by American Electric Power and indirect subsidiaries of The Bear Stearns Companies Inc. that partial interests in four independent power plants will be sold by AEP for $156 million overall.

According to AEP's chairman, president and chief executive officer, Michael G. Morris, the plants are not part of the company's "core utilities" and do not represent an important part of its geographic strategy. Before the deal can be completed, it will require approval from partners and lenders as well as regulatory review.

The plants, all of which are gas-fired combined-cycle cogeneration facilities, include the 68-megawatt Brush II in Brush, Colo.; Thermo, a 272-megawatt plant in Ft. Lupton, Colo; Mulberry, a 120-megawatt plant in Bartow, Fla; and Orange, a 103-megawatt plant in Bartlow, Fla. AEP came to retain partial interests of between 40 and 50 per cent in each of the plants, which are qualifying facilities, when it merged with Central and South West Corp.

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