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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

Massachusetts Okays Electricity Rate Hike for 4 Utilities

LCG, Dec. 5, 2000--The Massachusetts Department of Telecommunications and Energy unanimously voted yesterday to allow increases of between 4 percent and 12 percent in the electric rates charged by three state utilities, despite the 1998 electric restructuring law that mandated a 15 percent rate cut.

Yesterday's decision affects customers of Massachusetts Electric Co., Fitchburg Gas & Electric Co. and Nstar Corp., the holding company for Boston Edison Co. and Cambridge Electric Light Co.

The amount of the increases for the companies depend on filings they will make later this week but are expected to be as high or higher than rate increase requests made in earlier filings.

Bob McLaren, a senior vice president of Mass Electric, said he expects the final rate effective on January 1 "may not be all that far off from what we'd asked for." The utility sought to raise the cost-of-power component of bills from 3.8 cents to just under 5 cents, which would translate to about a 12.3 percent total bill increase for typical householders.

Other increases sought for the standard-offer cost would raise generation rates at Boston Edison from 4.5 to 5.08 cents per kilowatt hour, Cambridge Electric from 3.8 to 4.45 cents, and Fitchburg from 3.8 to 5.112 cents.

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