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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

Utilicorp Filing Asks For Rate Increase For Fuel and Power Purchases

LCG, June 8, 2001--A Friday filing by Utilicorp United with the Missouri Public Service Commission incorporated natural gas cost projections, with higher gas costs accounting for 80% of the company's proposed 16.9% rate increase.

Currently, the Missouri Public Service Commission does not include provisions for ongoing fuel cost adjustments to recover higher fuel prices.

The other major component of the request was based on the need for wholesale market purchases during periods of peak demand, which surpass the capability of the company's own generating resources. Judy Ness, community relations director, said "if natural gas prices stay below last year's levels, we would pass those savings on to our customers in coordination with the Commission's review."

Previous rate changes since 1983 have included two increases, most recently in 1993, and four decreases. Today's rates are 7.26 percent lower than they were in 1983.

What would the proposed rate structure mean for a residential customer using 1,000 kilowatt-hours (Kwh) of electricity per month? If natural gas prices - which have been falling in response to building inventories - were to stay at very high levels, the bill would be $14 per month ($169 per annum) higher.

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