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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

Connecticut Light & Power Rate Changes a Wash

LCG, June 21, 2001--The Connecticut Department of Public Utility Control said yesterday it will require Northeast Utilities subsidiary Connecticut Light & Power Co. to reduce its electricity delivery rates by $21.1 million.

At the same time, the utility will be required to increase by approximately the same amount its generation service charge, the price customers pay the company to make the electricity.

The transmission and distribution charge reduction results from over-earnings due to the company's reduction of stranded costs as a result of the sales of its generating assets. The generation service charge increase results from increasing costs of purchasing power, mostly because of the rising costs of power plant fuel.

The DPUC said in a news release that it will be easier for alternative energy service companies to sell generation competitively if CL&P must charge more for the electricity it sells. Customers will benefit because no matter who sells the power, it is delivered by the utility.

The department's decision includes an earnings sharing mechanism for future excess earnings under which future earnings above 10.3 percent will be shared 50 percent by customers and 50 percent by shareholders.

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