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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
NRG Said to Offer Ownership Stake to Lenders
LCG, Nov. 11, 2002--With serious liquidity difficulties weighing it down, NRG Energy Inc., the unregulated power developer, has offered to give ownership in the company to lenders and creditors, sources have told the Wall Street Journal.The company, which was previously spun off from parent Xcel Energy Inc. and later bought back by the Midwestern utility, has $10 billion in debt outstanding. It has failed to make debt payments repeatedly since September. Part of its current negotiations are said to involve Chapter 11 bankruptcy proceedings.Approximately half of NRG's debt is secured by power projects in its portfolio, which includes 68 plants either operating or under development. Most of the plants are in the East or South-Central parts of the U.S.According to people who have had access to presentations by NRG, the company, which is not discussing negotiations at the present time, offered a 95% equity stake to lenders and bondholders at the holding-company level. Lenders to individual power projects that may not be fully developed could receive the remaining 5%. Negotiations for more than 100 banks that took part in syndicated loans are being led by the Credit Suisse Group's Credit Suisse First Boston unit and ABN Amro Holding.
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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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