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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 Electric Rate Hike up to 69 Percent

LCG, April 3,2001The Massachusetts Department of Telecommunications and Energy yesterday approved rate increases for Massachusetts Electric Co. that will range from 23 percent for residential customers up to 69 percent for large industrial customers.

The industrial customers will then increase the prices of their products by an amount sufficient to absorb the increased cost of power, passing the rate hike along to their customers, many of whom are residential customers.

A typical householder using 500 kilowatt-hours of electricity per month will see his electric bill increase from $61.38 to $75.60, Massachusetts Electric said. The generation portion of the bill will increase from 6.37 cents per kilowatt-hour to 9.213 cents starting May 1, a jump of 45 percent, but with distribution charges and customer service factored in the overall increase will be about 23 percent.

Commercial customers will see the cost of electricity rise from 6.493 cents per kilowatt-hour to 9.556 cents, an increase of 47 percent, while industrial users will see a 69 percent increase from 5.46 cents to 9.054 cents.

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