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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
Enron Reorganization Plan May Require More Time
LCG, Sep. 27, 2002--The interlocking activities and interests of various Enron subsidiaries are creating a need for an extension of the company's development of a reorganization plan, possibly until January of next year.The company has requested a later filing date from the bankruptcy court overseeing claims of creditors who hope to recover some of what they loaned Enron. The date set is currently Oct. 1. In some cases, banks who dealt with Enron have been accused of masking the true financial condition of the company, and could thus be seen as partly responsible for the company's downfall. What any of them will recover remains open to question."Enron is the equivalent of having a handful of sand," Jack Williams, a Georgia State University law professor, told the Houston Chronicle. "It looks like a lot of stuff, but as you start to close your hand around it, most of it disappears. I think what they thought originally of as a potential plan is no longer even in the realm of possibility."Creditors may be able to realize returns on claims sooner rather than later, if the company consolidates the ownership interests and assets of Enron subsidiaries under a single pool. If this is done to overcome the complicated structure of the company, those who leant funds to some of the stronger business units may receive less than they otherwise would. One of these units is Enron North America, which carried out a commodity trading function.A hearing is set for Oct. 24 to determine whether an extension can be granted. If one is not granted by Judge Arthur Gonzalez, creditors' lawyers may compete with one another to offer alternative visions of how proceeds of asset sales or ownership stakes in a new company might be divided.
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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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