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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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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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Industry News

FERC Files Suit Against CA ISO for Noncompliance

LCG, August 19, 2002-The Federal Energy Regulatory Commission has filed a lawsuit against the California Independent System Operator because the ISO did not comply with a FERC order to change its governing board.

FERC ordered the California ISO to disband and restructure itself into a two-tiered board. The board was to be divided into independent and advisory boards, the latter containing industry members such as consumer advocates, utility officials, and plant owners. FERC asserts that the ISO board is not independent enough.

Earlier this month, the ISO's board, which was appointed by Governor Gray Davis, voted to ignore FERC's order, and nine days later FERC brought a lawsuit against the organization.

The deadline for compliance was Thursday; Friday, FERC filed the suit in a Washington federal court.

Governor Davis and State Attorney General Bill Lockyer are among those most vocally opposed to FERC's attempt to regulate the organization responsible for California's electricity transmission reliability.

Some have pointed out that FERC members were appointed in a similar way by President Bush.

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