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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 Will Hear Northwest and Western Contract Cases

LCG, September 19, 2002-Yesterday FERC decided that hearings will be held regarding electricity contracts signed by Washington and California utilities.

Federal Energy Regulatory Commission hearings will address contracts made by Sacramento, California and Snohomish county, Washington utilities during the 2000/2001 Western energy crisis.

Utilities assert that Duke Energy and American Electric Power Company charged them unreasonably high prices and that contracts should be modified or rewritten.

Already this year several settlements have been made regarding contracts written during the energy crisis, and a hearing has been planned in order to address contracts written by the California Department of Water Resources on behalf of bankrupt California utilities.

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