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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
CA Regulators to Vote Today on Rate Hike Revenue
LCG, October 24, 2002-The CPUC will vote today on whether or not to allow California utilities to use rate hike money for purposes other than buying electricity.Last year the California Public Utilities Commission permitted Southern California Edison and Pacific Gas and Electric utility to increase their retail electricity rates by a total of $0.04 per kilowatt-hour in order that the utilities meet some of their debt payments. In January last year, the CPUC allowed a one cent increase, and in March of last year, an additional three-cent increase was allowed, after which Pacific Gas & Electric utility declared bankruptcy.The CPUC passed these "overcollections" because the mandated price of retail power was not high enough during the energy crisis of 2000/2001 to cover the cost of wholesale power, and the utilities were having trouble staying out of the red.CPUC President Loretta Lynch came out with a proposal to allow the utilities to do whatever was needed with the revenue from the two rate hikes; currently the utilities must use overcollections to purchase power. The spot price of wholesale power has been below retail rates for over a year, and Lynch's proposal is intended to allow some of the revenue from overcollections to be used to restore the utilities' financial health.The utilities clearly support the plan, which offers them more freedom to spend ratepayers' money where it is needed. Consumer advocates, however, such as those from the Utility Reform Network, call it the "it's our surcharge and we'll do what we please with it" decision.
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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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