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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

TECO, Aquila, Questar Deny "Round-Trip" Trades

LCG, May 21, 2002-TECO Energy, Aquila, and Questar asserted that they made no "round-trip" trades in the California electricity market.

Because of the release of Enron memos elaborating strategies by which to manipulate the electricity market, the Federal Energy Regulatory Commission ordered over a hundred energy companies to state whether or not they participated in any of the twelve listed strategies by May 22.

TECO said in a press release yesterday that it employs policies to prevent "round-trip" trades, where energy is sold and bought back at the same price in order to artificially inflate trading volumes. Aquila, El Paso Corporation, and Questar have also denied participating in "round-trip" trades, while Williams Cos., which will make a more significant statement tomorrow, says this type of trade made up less than 1 percent of its total trade volume.

Reliant Resources, Dynegy, and CMS Energy have admitted to participating in "round-trip" trades.

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