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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

House Members Trade Proposals Over Power Market Authority, Oversight

LCG, September 17, 2002--The Federal Energy Regulatory Commission's proposals for creating a seamless national electric power market are encountering some criticism from House lawmakers, as they draft specifics for electricity legislation.

The FERC's recently issued rules proposal, standard market design, is far from being derailed, although a prior FERC stipulation that utilities join regional transmission organizations (RTO's) is seen as too stringent. Among a group of Republicans, including Rep. Billy Tauzin (R-La.), and Rep. Joe Barton (R-Tex.), suggestions have been made that utilities could be awarded incentives should they join an RTO. That suggestion was criticized by Rep. Edward Markey (D-Mass.), as "very generous with the ratepayers money."

Standard market design is seen by some Southern and Western representatives as bypassing traditional state authority over market operations. Tauzin said that a vote on any changes to FERC's proposal would take place by July. Points of disagreement have also centered around a Republican proposal to repeal the Public Utilities Company Holding Act (PUHCA), a 1935 law which was to prevent utilities from acquiring undue market influence.

Democrats such as Henry Waxman (D-Calif.) have stressed what they see as a need for more oversight of electricity trading and financial integrity, while downplaying modifications to FERC's transmission-related rulemaking.
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