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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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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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Industry News

CPUC PG&E Plan Approved

LCG, May 16, 2002-Federal Judge Dennis Montali approved the California Public Utilities Commission's plan regarding PG&E's bankruptcy.

PG&E utility filed for bankruptcy in April of last year, and Judge Montali ruled earlier this year that creditors would vote on which plan should be undertaken to bring PG&E from insolvency. The Commission and PG&E respectively constructed the two plans in question.

Objections were raised on previously filed Commission plans, but Montali finally approved the edited plan Wednesday after the Commission guaranteed it will not retroactively change details in its plan.

A preliminary hearing on the plans is scheduled for August 1, and balloting will be completed August 12.

The plan includes keeping retail electricity prices for customers at the current rate and leaving PG&E answerable to Californian regulations. Creditors would be paid completely in order to restore PG&E's investment grade credit rating.

Conversely, PG&E's plan splits the utility into four units, three of which would be sold outside of the state's authority.

PG&E opposes the Commission's plan and has called it "unlawful."
Some 13 million customers are served by PG&E utility.

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