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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

SoCal Ed Holds Off Most QF Power Suppliers

LCG, Aug. 6, 2001--Cash-strapped Southern California Edison Co. said Friday that it had reached settlements with most of the "qualifying facility" power producers that had sued it for non-payment, holding off for now the possibility that a group of them might force the utility into involuntary bankruptcy.

SoCal Ed said it had agreements in place with more than 100 QFs as well as with three of four larger generators, and was close to agreement with the fourth.

" With those settlements, we should have standstills with the vast majority of QFs that we've been in litigation with," said SoCal Ed senior counsel Russ Swartz. By "standstills," he meant that the parties had agreed to refrain from pursuing certain actions -- in this case lawsuits.

Ted Craver, chief financial officer for SoCal Ed's parent Edison International Inc., said the utility remains in "active discussions" with California legislators and Gov. Gray Davis on the deal negotiated by the governor for the state to buy its transmission system, despite the probability that nothing will be done until after the August 15 deadline agreed to by Davis and SoCal Ed in April.

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