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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

Mirant Plans 1,200 Megawatts for North Carolina

LCG, Aug. 28, 2001--Mirant Corp. said yesterday it plans to develop a 1,200 megawattnatural gas-fired power plant in Gastonia, N.C., the first in the state for the Atlanta-based company.

Gastonia Mayor Jennie Stultz, said she learned about Mirant's plans Friday but was sworn to secrecy. "I was so happy that I had to leave town so I couldn't tell anybody," she said yesterday at a Mirant news conference announcing the plant. "We welcome you."

The project will be the largest merchant plant in North Carolina, which this year dropped a requirement that merchant plants need a contract to sell power to utilities before getting regulatory approval.

Mirant said construction of the facility is scheduled to begin early in 2002 with commercial operation scheduled for summer 2004.

"North Carolina's energy needs continue to grow, and this site was specifically chosen because of its location in the rapidly developing Gastonia-Charlotte region and the I-85 corridor," said David Rozier, chief executive of Mirant's southern U.S. operations.

"Mirant will use its marketing and risk management capabilities to manage the fuel going into the plant and the electricity coming out of it," he added.

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