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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

Enron, India Break Off Dabhol Talks

LCG, Aug. 20,2001--Negotiations between an Enron Corp. subsidiary and the government of India were abruptly suspended yesterday, with no agreement on the company's Dabhol power project, which is India's largest foreign investment, the Economic Times said this morning.

The Press Trust of India reported that Indian Attorney General Soli Sorabjee said the proceedings will resume at a date mutually acceptable by all parties.

"We had a free and frank exchange of views but because of the complex nature of the matter, the conciliation proceedings had to be adjourned," said Sorabjee, who is representing the Indian government before the three-member commission.

The commission consists of former Supreme Court of India judge B. P. Jeevan Reddy who is representing the federal government, Lawrence Street, former chief justice of New South Wales representing Enron's Dabhol Power Co. and former New Zealand high court Judge David A. R. Williams who was jointly chosen by both sides.

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