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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 to Protect Electricity Information

LCG, September 5, 2002--The Federal Energy Regulatory Commission is considering altering regulations to protect energy infrastructure information from being used by terrorists.

While many are calling for greater transparency in the wholesale electricity market, FERC may change its policy over electricity-related information that might otherwise fall into the hands of those interested in harming the system. Under the new proposal, critical energy infrastructure data, or CEII, would be strictly controlled, and those interested in accessing this information would be required to submit applications including statements of purpose and nondisclosure agreements.

Data that is available already by simple observation, such as the location of electricity and gas lines, would not be subject to the stricter guidelines, while specific facility equipment, transmission data, and production information may become regulated.

FERC will consider public opinion for a period of 30 days before proceeding with more definite plans.

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