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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

El Paso Says No "Round-Trip" Trades

LCG, May 20, 2002-Energy trader El Paso denied using the "round-trip" Enron memo trading strategy.

When memos were released relating Enron to electricity trading strategies designed to manipulate the California market, the Federal Energy Regulatory Commission ordered over a hundred energy companies to state whether they participated in any of twelve strategies.

Today El Paso Corporation, a natural gas pipeline and energy trading company, said that it did not participate in the "round-trip" trades, which involve selling electricity and then buying it back at the same price with the intent of increasing trading volumes.

Meanwhile corporations such as CMS Energy are facing multiple shareholder lawsuits after admitting to such trading practices. Reliant Resources also admitted to using "round-trip" trading, and Dynegy Inc. is under investigation by the Securities and Exchange Commission.

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