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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

National Grid to Manage Alliance RTO

LXCG, Aug. 29, 2001--British electric power transmission company National Grid Plc said yesterday that it has been selected as managing member of the Alliance regional transmission operator, an 11-state transmission system manager stretching from the Midwest to the Appalachians.

National Grid will make an initial investment of $75 million in Alliance Transco and continue with investments amounting to between 5 percent and 20 percent of the total invested by the RTO's 10 members.

During the seven-year contract, National Grid will be paid $14 million a year by Alliance. It will be able to increase those earnings through an incentive systems based on reliability and customer savings.

Alliance members have placed under the RTO's management transmission assets with a book value of $12 billion.

The deal must receive approval of the member companies as well as that of federal regulators, but the Federal Energy Regulatory Commission earlier this year gave Alliance its tentative okay.

In order to meet FERC's requirement that it be a "nonmarket" participant, National Grid said it would sell any remaining economic interests of affiliates in the power-generation and supply markets in the U.S.

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