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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 Commissioners Rule Merchant-Built NY Line Not Required to Expand

LCG, Sep. 6, 2002--The owners of a transmission line from Connecticut to New York's Long Island do not share the obligation of integrated utilities to upgrade their line to match growing demand, the Federal Energy Regulatory Commission ruled yesterday.

As part of the ruling, Commissioner William Massey expressed some concern that by not holding merchant transmission owners to the standards of regulated utilities, the ruling could allow such owners to diminish competition. Massey acknowledged that the set of power market rules recently announced for review, standard market design, will provide a protocol on the issue.

The company that owns the 24-mile Cross Sound Cable, capable of transmitting 330 megawatts, is Transenergie U.S. Ltd.
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