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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

CPUC Approves Contract for Biomass Repowering at Coal-fired Facility

LCG, February 5, 2010--The California Public Utilities Commission (CPUC) yesterday approved a power purchase agreement (PPA) between Pacific Gas and Electric Company (PG&E) and Mt. Poso Cogeneration Company, LLC for renewable energy from the Mt. Poso Cogeneration facility, located near Bakersfield, California.

The Mt. Poso Cogeneration plant currently combusts coal, petroleum coke, and tire-derived fuel (TDF) to generate steam and power. The new, 15-year contract allows for the facility to be modified and converted to use urban and agricultural wood wastes for fuel. The biomass facility will have an electric generating capacity of 44 MW, and the conversion project is scheduled to be completed by 2012.

The CPUC President stated, "This new agreement will reduce our state's reliance on coal and other less attractive fuels and increase our usage of much cleaner renewable energy. This is obviously a plus for California."

California has aggressive renewable energy goals that will be difficult to achieve. The CPUC's Renewables Portfolio Standard (RPS) program requires investor-owned utilities to obtain 20 percent of their retail sales from renewable energy sources by 2010. Furthermore, the Governor executed executive orders that established that (i) 20 percent of the renewable electricity should be generated from biomass resources within the state by 2010 and (ii) 33 percent of their retail sales be supplied from renewable energy sources by 2020.
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