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DOE Announces New Path to Test Advanced Nuclear Reactors

LCG, June 18, 2025--The U.S. Department of Energy (DOE) announced late today a new pilot program to expedite the testing of advanced nuclear reactor designs under DOE authority outside of the national laboratories. The new pilot program is intended to unlock private funding and provide a fast track to commercial licensing.

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X-energy Announces Receipt from NRC of Schedule for Xe-100 Construction Permit Application

LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.

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Industry News

Regulators Boost Bangor Hydro Standard Offer Rate

LCG, July 26, 2000--Electricity customers of Bangor Hydro-Electric Co. who choose to stick with the utility instead of switching to a competitive supplier will be paying more for their loyalty under an order by the Maine Public Utilities Commission, the utility said yesterday.

Beginning August 1, rates for standard offer energy service for Bangor Hydro's residential andsmall commercial classes will be increased by about a tenth of a cent per kilowatt hour to around 4.6 cents per kilowatt hour. This increase will remain in effect until next February 28, the company said.

The utility figures the average householder, using 500 kilowatt-hours of electricity a month, will see his monthly electric bill go up by about fifty cents.

Bangor Hydros medium and large commercial customers will get hit four times as hard, with a four-tenths of a cent increase in their standard offer rate, but it will be only for one month, with the rate returning to the present level at least through next February 28.

The increase is an adjustment to reflect actual prices paid for wholesale power which exceeded by some $1 million the estimates made when the commission set standard offer rates in an administrative order on February 29 of this year.

Beginning March 1 next year, the rates will be those set by the regulators through a competitive bidding process the commission will conduct later this year.

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