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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

Sithe Obtains Financing for Goreway Station in Ontario

LCG, February 3, 2006--Sithe Global Power LLC announced yesterday that its subsidiary, the Goreway Station Partnership, has closed financing on an approximately C$942 million construction facility for the 880 MW Goreway Station, located near Toronto. An engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc. has also been executed for the new power plant.

The Goreway Station will be a gas-fired, combined cycle plant that will incorporate General Electric's 7FB gas turbines. The station is scheduled to begin delivering power to the grid by June 2007 in single cycle mode, with full output from the combined cycle mode scheduled to occur by July 2008.
The station output will be purchased by The Ontario Power Authority (OPA), which has entered into a 20-year agreement with respect to the full output of the station. The additional power supply is critical given government commitments to retire existing coal plants and reduce emissions, including greenhouse gases.

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