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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

Bangor Hydro Plans New Transmission Line from Canada

LCG, Aug. 14, 2001-- Bangor Hydro-Electric Co. said it has asked authorization from the Maine Public Utilities Commission to build a new 345 kilovolt transmission line between Maine and New Brunswick, Canada.

Bangor Hydro would build an 84-mile portion of the line from a substation at Orrington, Maine., to the St. Croix River at Baileyville, the company said. New Brunswick Power Corp., which is owned by the province of New Brunswick, would add a 60-mile section connecting a substation at Pt. Lepreau with the Bangor-Hydro line at the St. Croix River. Pt. Lepreau is a nuclear power plant belonging to the Canadian province.

Carroll Lee, senior vice president and chief operating officer of Bangor Hydro, said "The proposed 345 kV transmission line is intended to lower electricity prices and increase reliability, which are fundamental concerns of Bangor Hydro's customers."

The new transmission facilities would also be able to move power from new generation facilities spawned by completion of the Maritimes & Northeast natural gas pipeline.

"Since the beginning of restructuring, costs for our residential customers have increased by 18 percent. Additional transmission capacity between Maine and the Maritimes will increase competition among generators for sales by expanding the ability of Canadian firms to transmit energy," Lee said.

Lee said he expected to receive permits necessary to allow construction of the new wires to begin this winter.

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