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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

Power Outage Hits Boston Moments After Governor Warns Utilities of Fines for Outages

LCG, Aug. 24, 2001--A scant three hours after Massachusetts Acting Gov. Jane M. Swift had officials of the state's electric utilities on the carpet, warning them that they could be fined for power outages that plagued the Bay State this summer, the lights went out for nearly 6,000 customers in the Boston Area.

Swift had called executives of NStar Corp., Massachusetts Electric Co., Fitchburg Gas & Electric Co. and Western Massachusetts Electric Co. to her office to tell them that the state Department of Telecommunications and Energy will hold hearings later this year on power outages suffered by state electric customers this summer.

The Boston Globe reported that Boston alone has suffered more than 500,000 customer-hours of blackouts since July 12. That's the equivalent of every household in Beantown losing power for two hours.

Earlier this month, about 30,000 Boston customers of NStar lost power on a day when temperatures hit 100 and some didn't get it back for two days. "NStar" is the cloak of anonymity adopted by Boston Edison Co. when it reorganized to take advantage of electric deregulation in Massachusetts. When it was called Boston Edison, you knew where it was and what it did.

But NStar and the other utilities aren't moving targets, and Swift warned them that they would be fined if the Telecommunications and Energy Department hearings show this summer's outages could have been avoided.

During the brief interval between the warning and the next outage, Swift told reporters "If in fact the investigation (the DTE) will perform warrants, the penalties would be imposed based on the failures and the disruption of service that happened this summer."

Massachusetts Secretary of State William F. Galvin said he wants to find out whether the utilities are violating part of the 1998 electric deregulation law that requires them to maintain staffing and maintenance at 1997 levels. He said his neighborhood alone has had excessive outages for years.

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