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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

New York Okays Entergy's Purchase of Indian Point Nuke

LCG, Aug. 30, 2001--The New York State Public Service Commission yesterday approved the sale of Consolidated Edison Co.'s Indian Point 1 and 2 nuclear plants to Entergy Nuclear Operations, a unit of New Orleans-based Entergy Corp.

That approval comes days after the Nuclear Regulatory Commission approved the transfer of the Indian Point licenses from Con Edison to Entergy.

The New York approval includes both the 950 megawatt Indian Point Unit 2 which is operational and the shuttered Indian Point Unit 1. Though Indian Point unit 2 was operating at 100 percent of capacity this morning, it had suffered numerous steam generator leaks in recent years, culminating in a small release of radioactive steam into the atmosphere last February.

The Nuclear Regulatory Commission told Con Edison to quit putting band aids on the leaky steam generators and replace them, which the utility did.

In addition to the two reactors, Entergy will get three gas turbines, plant infrastructure and the real estate in Buchanan, N.Y. on which it all sits.

Entergy, in turn, will sell all of the output of Indian Point Unit 2 to Con Edison through 2004, with an option to extend the deal through the end of the decade.

The New York approval was the last hurdle for the deal.

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