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Doral Renewables Selects NovaSource as Partner to Deploy the 1.6-GWdc Mammoth Solar Project in Indiana

LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.

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FERC and NERC Issue Joint Report on System Performance During the January 2025 Arctic Weather

LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."

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Industry News

Bank Wants Feds to Freeze Enron Execs' Assets

LCG, Dec. 10, 2001--Lawyers for a bank which manages worker retirement funds want a federal judge to freeze $1.1 billion in assets of Enron Corp. executives, suggesting the assets are ill-gotten gains and the executives could flee the country with the money.

Bill Lerach, an attorney for Amalgamated Bank, told U.S. District Judge Lee Rosenthal that the banks clients had lost more than $10 million in Enron's collapse and he would like to tap that $1.1 billion to get the workers' money back.

Judge Rosenthal said she wanted to review written arguments from both sides before addressing the matter later this month.

Reuters news agency said Lerach outlined what he alleged was a massive conspiracy of fraud and greed in the executive suites of Houston-based Enron.

"There was fraud at the top, fraud by the board," he charged in arguments before a courtroom packed with lawyers. "It's worse than any civil fraud case we've ever seen."

He alleged that former Enron chief executive Jeff Skilling, who resigned in August after just six months on the job, had gone to Brazil and that former chief financial officer Andrew Fastow, who left the company in October, may have flown to Israel via Canada, Reuters said.

"I don't want to accuse people of being a flight risk, but I do want to suggest it could be more than an academic exercise in this case," Lerach said.

Lawyers for the two former executives claimed they were both in the U.S. and said an asset freeze was unnecessary because there had been no wrongdoing. "To suggest there's a flight risk borders on ridiculous," said Jeffrey Kilduff, attorney for Skilling.

Fastow's attorney, Craig Smyser, told Judge Rosenthal that his client "is as distraught as anyone else over the tragic demise of Enron."

The $30 million Fastow walked away from Enron with should ease a significant portion of his distress.

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