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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

CA ISO Wants District Court to Dismiss FERC's Governance Suit

LCG, September 17, 2002-The California Independent System Operator has asked a U.S. District Court to dismiss a lawsuit brought against it by FERC regarding replacing ISO board members.

As a part of the continuing difference of opinion over energy market control between sederal and state agencies, the Federal Energy Regulatory Commission sued the California Independent System Operator August 16 after the ISO board neglected to replace itself or file relevant information with FERC by FERC's deadline of August 15.

The ISO and the governor, as well as California Attorney General Bill Lockyer, find the FERC order to be an inappropriate "power grab" by FERC, and the ISO now says that the U.S. District Court of the District of Columbia has not been shown to have jurisdiction in the case.

On Friday the ISO requested that the federal court drop FERC's lawsuit.

Governor Gray Davis appointed its five members to the California ISO board in January of last year. The ISO is responsible for reliability of electricity transmission in California.

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