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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

Davis Wants to Know Who's Paying for Ads

LCG, July 23, 2001California Gov. Gray Davis, his skin worn thin by a month of television ads criticizing his handling of the state's electricity crisis, went to court Friday to learn the names of his tormentors.

The commercials, which began airing on June 18, end with the tag line "Grayouts from Gray Davis," which the governor and his legal advisers figure makes them political advertising and not educational. When Davis called the state's independent power producers "the biggest snakes on the planet earth," that was educational.

Under state law, groups that run issue-oriented ads don't have to divulge the names of individual contributors because those ads are considered educational. Advertising that supports or attacks candidates is considered political and the names of those sponsoring the ads are required to be registered with the California secretary of state.

Davis' legal team thinks the ads are an attack on the governor and the sponsors should be named. In a suit filed in San Francisco Superior Court, the governor's political committee alleges that the American Taxpayers Alliance failed to register and is in violation of the state's Political Reform Act.

Garry South, Davis' political adviser, said the views expressed in the ads may be protected by the first amendment to the U.S. Constitution, "But you have the responsibility under California law to reveal who is paying for commercials if they fall under the political realm, and these clearly do."

The American Taxpayers Alliance is a Washington, D.C.-based organization run by Scott Reed, a Republican strategist. He has declined to disclose the group's contributors. Davis suspects the contributors include the biggest snakes on the planet earth.

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