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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

NYPA Urges Munis to Join Hydro Relicensing Reform

LCG, Aug. 29, 2001--Warning that current law impedes the relicensing of hydroelectric facilities and adds significantly to the cost of renewing their operating permits, the chairman of the New York Power Authority last night urged the state's municipal utilities to get behind a movement to reform the law.

"In 1986, the Federal Power Act was amended to require the Federal Energy Regulatory Commission to balance power generation with energy conservation, protection of fish and wildlife, recreational opportunities and environmental protection," Joseph J. Seymour, chairman and chief executive of the NYPA, told the New York Municipal Electric Utilities Association at its annual meeting in Niagara Falls.

"While the goal was to accommodate competing interests, the (FERC's) role has been seriously impacted by past legislation and by subsequent interpretations of the law by the courts," he said. "The current law enables various agencies to impose on licensees huge unfunded conditions with little or no balancing as contemplated by the Federal Power Act."

Seymour also defended public power's role in an increasingly deregulated electric marketplace. "Early on, some were forecasting the death of public power. They assumed that lower pricesanticipated under deregulation and competition would ease us out of the picture," he said. "But now, people are finding that public power has a great deal to offer in a deregulated marketplace."

"California created a state power authority as a potential solution to the state's energy problems, though they're about 70 years behind us," he observed.

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