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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

Calpine to Buy Remaining Half of Virginia Cogen

LCG, Aug. 2, 2001Calpine Corp. it had agreed to pay Edison Mission Energy $35 million for the 50 percent equity interest it doesn't already own in a 240-megawatt combined-cycle cogeneration facility located in Gordonsville, Va.

Calpine, which acquired an initial fifty percent equity interest in the facility in 1997, said the transaction is expected to close later this summer, at which time Calpine will assume operations of the plant.

"The Gordonsville facility has a strong track record and will complement our rapidly-growingportfolio in the expansive Southeast power market," said Bob Alff, Calpine senior vice president and head of its Eastern Region.

The Gordonsville plant provides electric power and steam to Virginia Electric & Power Co. and the Rapidan Service Authority under long-term contracts that expire in 2024, the company said.

"We are very pleased with the plant's performance to date, and we believe that we can further enhance its value through our direct ownership and operation of the facility," Alff said.

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