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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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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.

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Industry News

Newsmakers

Beverly J. Burke has been appointed vice president and general counsel of WGL Holdings Inc., effective July 1. She will replace John K. Keane, Jr., who has announced that he will retire from the company effective December 31. WGL Holdings is parent company for Washington Gas Light Co., the local natural gas utility serving the nation's capital.

Moray Dewhurst has been elected chief financial officer of FPL Group Inc. and will assume his new position in mid-July. He most recently was a senior partner and director of Dean & Co., a management consulting and investment firm that he co-founded in 1993.

John Reese has been promoted to vice president for government relations by Orion Power Holdings Inc. Since joining the company last year, he has served as director of government relations for New York, working on regulatory, legislative and wholesale market issues.

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