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News
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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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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
CPUC Clarifies Power Bond Measures
LCG, September 26, 2002-The California Public Utilities Commission released more information regarding its power revenue plans.Wednesday, the California Public Utilities Commission publicized proposals to raise revenue in order cover costs to the state for its purchases of electricity and improve its utilities' credit ratings.A proposed bond measure, previously announced as being $11.9 billion, may be repaid via utility rates, according to the PUC release. A charge of between $0.64 and $1.07 per kilowatt-hour would be added to rates beyond rates applied to Pacific Gas & Electric utility and Southern California Edison customers.$6.6 billion of the bond revenue will go to the state's general fund, and the bond sale will be held in about 30 days.The PUC also proposed a $0.04 per kilowatt-hour charge on rates to be put towards current and future electricity purchases, as was levied during the 2000/2001 energy crisis.A third surcharge proposal involves placing a $0.027 per kilowatt-hour charge on direct access customers, which would be used to repay the California Department of Water Resources procurement costs. The DWR bought power on behalf of the state during the electricity crisis because utilities did not have good enough credit ratings to sign contracts with energy companies.The last announced PUC proposal relates to employing bill AB 57, which was passed in order to bring about prompt review of contracts and procurement cost recovery.Opinion on the proposals will be considered over the next 20 days.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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