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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

Madison G&E Asks for Rate Hike

LCG, July 30, 2001--Madison Gas and Electric Co. said Friday it has filed an application with the Public Service Commission of Wisconsin to recover additional costs associated with "providing reliable gas and electric service."

The proposed rate change is a $12 million, or 5.8 percent increase over current electric rates and a 0.7 percent increase in gas rates. This would result in a monthly increase of $3.24 for a typical residential electric customer and an increase of 58 cents for an average residential gas customer, the company said.

Madison Gas & Electric said the request includes replacement power expenses for an extended outage at the Columbia Generating Station which is set to be out of service an extra six weeks for major generator repairs next spring. The company owns 22 percent of the plant and receives more than 40 percent of its base power needs from Columbia.

"Columbia provides a large portion of our customers' power needs," said Jeffrey Newman, MG&E vice president and treasurer. "During a plant outage, replacement power comes primarily from new, natural gas-fired plants at much higher costs."

Newman noted that the request is limited to specific issues. "We are committed to supplyingreliable power to our customers at the lowest cost possible. We will not compromise our high levelof service," he said.

Madison Gas & Electric generates, transmits and distributes electricity to 126,000 customers inDane County, Wisc., and transports and distributes natural gas to 114,000 customers in seven south-central and western Wisconsin counties.

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