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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

California a Loser in Congress Energy Votes

LCG, Aug. 2, 2001The U.S. House of Representatives yesterday disappointed California lawmakers who tried to slip into a broad energy bill a requirement that the Federal Energy Regulatory Commission impose more stringent price controls on electricity sold in the West.

An amendment to the energy bill, offered by Rep. Henry Waxman, D-Calif., Would have required FERC employ once-prevalent cost-plus ratemaking to set electricity prices. It was voted down 274-154.

Rep. Joe Barton, R-Texas, said the proposed restriction amounted to a price cap that isn't needed because California "is getting its act together" and could deter companies from investing in new power plants.

Waxman said that existing FERC regulations aren't working, though they are widely credited for reining in high electricity prices not only in California but throughout the West.

He was supported by Rep. Anna Eshoo, also a Democrat, who grumped "We don't trust the FERC."

California also lost out on a bid to gain exemption from a federal requirement that gasoline contain a 2 percent oxygen additive. The additive currently in use, MTBE, has been found to invade ground water and is a suspected carcinogen. It is to be replaced by ethanol, which is being pushed by Iowa and other corn-growing states.

California has asked for a waiver from the ethanol requirement, but was voted down 300-125. "All we get is some crumbs for California," complained Rep. Bob Filner.

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