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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

Newsmakers

Mark Frevert has been promoted to vice chairman of Enron Corp. He most recently had been chairman and chief executive of Enron Wholesale Services.

Peter B. Smith has joined El Paso Merchant Energy North America as seniormanaging director. He moves to the El Paso Corp. unit after 10 years with HCC Insurance Holdings, Inc.

James K. Vizanko has been named chief financial officer of Allete Inc. A 24-year veteran of the company, he has served as corporate treasurer since 1993.

Greg Whalley has been named president and chief operating officer of Enron Corp. He was most recently president and chief operating officer of Enron Wholesale Services.

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