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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 Power Authority Faces FERC Scrutiny

LCG, Aug. 23, 2001--Federal regulators say California's new power authority would have to get federal permission to buy power contracts, hydroelectric plants or electric lines, the Sacramento Bee reported this morning.

In addition, there could be some circumstances when the new agency's goal of providing electricity for Californians could clash with federal rules on how wholesale power can be traded, wrote Kevin Madden, general counsel for the Federal Energy Regulatory Commission.

Madden's letter, which responded to an inquiry by U.S. Rep. Doug Ose, a Northern California Republican and California Secretary of State Bill Jones, also a Republican, was dismissed by S. David Freeman, head of the state's new Consumer Power and Conservation Financing Authority.

The 72-year-old Freeman, a political appointee of Gov. Gray Davis, is former head of the Los Angeles Department of Water and Power and has spent his professional life in the publicly-owned power sector.

There was no need for FERC to "dream up" circumstances under which the state might fall under its authority, Freeman said, particularly when FERC has been so slow to come to California's aid in the past.

"If they can't help us, the least they can do is stop writing letters," he said.

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