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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

CMS to Sell Transmission System to Trans-Elect

LCG, Oct. 26, 2001--CMS Energy Corp. said yesterday that is would sell the electric transmission system owned by its subsidiary, Consumers Energy Co., to Trans-Elect of Washington, an independent transmission company.

According to CMS, the deal is the first outright sale of a major utility's electric transmission system to an independent transmission company. Trans-Elect will pay CMS about $290 million for the wires.

In selling its transmission assets, Dearborn, Mich.-based CMS is complying with Michigan's electric restructuring law which requires the state's major electric utilities to either divest their electric transmission systems or turn over operating control to an independent entity by December 31, 2001.

"Sale of the electric transmission system will allow for complete independence of ownership and operations, consistent with the intent of Michigan's electric restructuring law," said David W. Joos, CMS president and chief operating officer.

CMS said Consumers Energy's electric customers will see no change in their electric bills as a result of the sale, or any change in electric service reliability.

Joos said proceeds of the sale will be used to improve the company's balance sheet. The deal is subject to regulatory approval, but could be completed by the first quarter of next year.

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