1FRE4OI

Petra Nova (NRG Energy and JX Nippon Oil & Gas Exploration Corp.)Location: TexasPlant type: new, coal; post-combustion CO2 captureElectricity generation capacity: 250 MWCO2 target capture rate: 90%CO2 fate: oil extractionEstimated cost: $1 billionPublic funding: $417 millionDOE grant – $167 million 53State tax incentives – Legislation passed in 2009 providestax breaks for the first three facilities capturing at least70% of their CO2, in addition to a 30-year severance taxreduction for oil produced using anthropogenic CO2.Japanese Bank for International Cooperation – $175million (loan) 54Nippon Export and Investment Insurance – $75 million(loan guarantee) 55Status: Under construction, estimated to be completed in2016. Initiated in 2009. The Petra Nova project would bean addition to an existing 2,697 MW coal and gas-firedpower facility more than three decades old, the WA ParishGenerating Station. The Petra Nova project has beendescribed as taking “steps to clean up its operations.” 56In addition to the new 250 MW coal-fired unit, a 75 MWgas-fired unit will be built in order to run the carboncapture process (using approximately 45 MW). Theeffective capture rate for the complete 2,947 megawattfacility (excluding the new gas-fired unit) will not be 90%,but more like 8%. 57Carbon Capture Scam Chapter: 1Hydrogen Energy California Project (SCS Energy)Location: CaliforniaPlant type: new, petcoke/ coal (sub-bituminous PowerRiver Basin); pre-combustion CO2 captureElectricity Generation Capacity: 405 megawattsCO2 target capture rate: 90%CO2 fate: oil extractionOriginal cost: $2.3 billionCurrent cost estimate: $4.028 billionPublic funding: $875 millionDOE grant – $408 millionFederal tax credits – $437 millionState grants – $30 millionStatus: In planning stages, and estimated to be operationalin 2020. Initiated in 2013. Previous developers of theproject, BP and Rio Tinto, had each provided $55 millionof investment prior to acquisition in 2011 by SCS. 58The effective capture rate for the complete 2,947 megawatt facility(excluding the new gas-fired unit) will not be 90%, but more like 8%.Page 10