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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

New Hampshire Electric Rates to Drop 10 Percent

LCG, March 29, 2001Customers of Public Service Co. of New Hampshire will see a 10 percent reduction on their electric bills when the state's electric deregulation plan finally begins on May 1, the company said yesterday.

PSNH, with 430,000 customers, is the largest utility in New Hampshire. The May 1 starting date for deregulation was arrived at after major credit rating agencies said the utility would be able to market the stranded cost bonds necessary for the rate cut.

The 10 percent rate cut is on top of a 5 percent reduction that took effect last fall, giving consumers an overall cut of 15 percent..

As part of the deregulation plan, PSNH customer will, beginning May 1, have the option of choosing an alternative supplier of electricity. The utility will continue to deliver the power and bill for it. Residential and small business customers will have a transition period of two years and nine months to switch suppliers. Those who don't switch will be provided with standard offer service and prices.

PSNH will no longer own generating assets, including its interest in the Seabrook nuclear plant, but Gary Long, president and chief operating officer, does not see the supply problems that led to the collapse of California's deregulation scheme.

"Looking forward, our region has a good supply of power, and more plants are under construction. We also have a healthy diversity of power facilities using various fuels," Long said. "As the competitive market develops, I am confident we will avoid the sort of supply crisis which is affecting California."

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