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Energy Vault and Jupiter Power Announce New Agreement for Battery Energy Storage System in Texas

LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.

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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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Industry News

FERC's Wagner Urges California, El Paso to Settle

LCG, Sept. 6, 2001--The Federal Energy Commission's top administrative law judge has urged El Paso Corp. and the state of California to reach a settlement in the billion dollar case involving charges that El Paso abused its market power to drive up natural gas prices.

In an order dated a week ago but made public only yesterday, Curtis Wagner suggested to California that the state would benefit more now from a monetary settlement than it would from litigation that could take years.

"Parties are always wise to work out a solution to their disputes that they can live with and know the outcome of rather than take a chance on what a judge, the Commission, and the courts may find," Wagner said in his order.

"This admonition by the Chief Judge is not to be construed in any way that he will decide this case one way or the other," he specified.

Wagner also extended until September 14 the deadline for documents to be filed in the case and said he would make his decision by October 9. The judge's ruling will be in the form of a recommendation to the full Federal Energy Regulatory Commission, which will then vote whether to accept it.

That vote will not come rapidly, and when it does it is likely to be appealed, Wagner noted, saying "A final determination in this case is a long time in the future."

"The people of California deserve a quick end to this litigation and a settlement will provide them with a fair solution now," he wrote.

At issue is whether El Paso withheld capacity on its four pipelines into California from March 2000 through November of that year, driving up gas prices in the state. Pacific Gas & Electric Co., a company with every bit as much experience transporting natural gas as has El Paso, believes the Texas company did, and so do the California Public Utilities Commission and Southern California Edison Co.

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