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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

Dairyland Power Cooperative Buys Share of New Coal Plant

LCG, December 6, 2004--Dairyland Power Cooperative, a regional power cooperative serving customers in Wisconsin, Minnesota, Iowa and Illinois, announced last week that it has purchased a 30 percent share of the planned Weston 4 power plant from Wisconsin Public Service Corporation, a subsidiary of WPS Resources. The additional supply purchase is designed to meet growing customer demands for electricity.

Construction on the 500-MW, coal-fired power plant, located near Wausau, began in October, and operations are planned to commence in 2008. The estimated cost of the plant is approximately $750 million. Dairyland's share would be 150-MW, with a cost of about $225 million. There are also three, existing units at the station that have a combined capacity of 510 MW. The new unit will use low-sulfur coal and state-of-the-art technologies.

The Public Service Commission of Wisconsin (PSCW) approved the 500-MW expansion on September 23, 2004. The project was announced two years ago and submitted to the PSCW a year ago. The new unit is the first project approved by the PSCW under a new law designed to streamline the approval process. The purchase is subject to financing and regulatory approval.

Dairyland evaluated the alternative of constructing a 400-MW coal plant at sites in Iowa and Wisconsin. The Weston 4 alternative can deliver power earlier than the other projects, which are now expected to be placed on hold.

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