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News
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LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028
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LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.
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Industry News
About Those 'Robber Barons' Stock Sales
LCG, Feb. 2, 2001 Four California utility executives sold small portions of their holdings in their companies last year, making profits of three or four dollars a share where once they had paper profits of many times that amount, and did so only after their companies had made full public disclosure of their deteriorating financial condition.Doug Heller, consumer advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica, was quick to make a statement. "The Legislature and governor should have thought twice before handing out a bailout to these robber barons," he said.But are the robber barons really such?Gordon Smith, chief executive of pacific Gas & Electric Co. and Richard Clarke, a former CEO and currently a director, between them sold 32,500 shares of stock, realizing a gain of only $3.63 per share on average.It's not as though they were bailing out. Smith still holds about 400,000 shares of stock which are now worth about half of what they were worth last August. At Edison International Inc., parent of Southern California Edison Co., controller Tom Noonan made a whopping $4.25 per share by tapping into options on 8.300 shares. Chief information officer Mavash Yazdi sold 3,000 shared of Edison at $24.25, but the price he had paid was not available.At the time of the stock sales, both companies had already issued warnings that skyrocketing wholesale power prices were draining their available resources.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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