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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

San Francisco Power Plant Expansion On Hold

LCG, Nov. 11, 2003--Power developer Mirant Corp. has requested that the California Energy Commission cease review of the company's applications to install new turbines and emission control equipment at an existing site in San Francisco.

Mirant, which filed for Chapter 11 bankruptcy this past summer, has decided that building 540 megawatts of new capacity is not a priority, given its ailing financial health and the state of the power markets in general. Company spokesman Kevin Loscotoff stated, "We're stepping back to evaluate the highest and best use of future generation projects at Potrero."

Mirant purchased the Potrero site, which is 38 years old, from Pacific Gas & Electric (PG&E) in 1998. Mayor Willie Brown later allowed for the upgrade of Potrero under the condition that the Hunters Point plant would be shut down in the year that the new 'Unit 7' began operation, projected to be 2005. Some local residents of the Hunters Point neighborhood were opposed to both the expansion as well as the continued operation of Hunters Point on health grounds, although the operation of the Potrero plant would have emitted less pollution than the Hunters Point plant.

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