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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

Nevada Power Allowed One-Month Rate Increase

LCG, May 24, 2002--The Nevada Power Co. will be allowed a one-month charge of one cent per kilowatt-hour in order to speed payments on power purchases and improve its cash flow heading into the summer.

The charge, which will increase bills for residential customers by $12 on average, was advocated by the chairman of the state Public Utilities Commission, Don Soderberg. Soderberg said that the charge, which will not increase the company's revenue, will reduce future interest payments for power purchases by $2.5 million.

Bond and credit ratings for Nevada Power have suffered after the rejection of a $922 million rate case, with half of that rate increase being approved. Critics of the utility had said that long-term purchases made in 2001 during the Western power crisis were contracted at too high a price.

Soderberg deflected criticism from state consumer advocate Tim Hay, who said the Bureau of Consumer Protection was "surprised by what appears to be an arbitrary decision by the commission" to speed payments on outstanding power bills. The PUC chairman said that although the charge was meant to give the utility a "shot in the arm" to avoid possible Chapter 11 bankruptcy, he would not consider a similar charge for the late summer months of July and August, when consumer bills will be high due to increased power usage for air conditioning.
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