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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

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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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

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

Iowa Power Plant Legislation Dies

LCG, May 9, 2001The Iowa House adjourned yesterday on the 121st day of the 2001 session at 5:49 p.m. and the Senate followed at 6:30 p.m. Dying with the session was legislation aimed at making the state self sufficient in electric power generation.

Republican leaders said they were not able to round up enough votes in the state Senate's last hours to pass a bill sought by utility companies that would have encouraged the building of more power plants in Iowa.

Christopher Rants of Sioux City, Majority Leader of the Iowa House, had said earlier "If we don't get it done, we're closer to having rolling blackouts in this state."

Supporters of the bill, which would have removed many restrictions on joint financing of plants by municipal utilities, charged that special-interest groups were spreading false information in an attempt to discredit the proposal, and they may have something.

Critics raised environmental concerns and warned that the legislation could set the stage for the closing of existing plants in favor of higher-profit new plants. They also questioned a provision allowing the state's two largest investor-owned utilities to buy energy on contract from an affiliate that owns the new plant and sells at unregulated wholesale prices.

State Sen. JoAnn Johnson, chairwoman of the Iowa Senate Commerce Committee, conceded that prices will increase as more plants are built, but warned that consumers will pay a much steeper price for their electricity if steps aren't taken now to provide Iowa with a dependable power supply in the future.

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