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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

Montana Power Sells Oil and Gas Unit

LCG, Aug. 29, 2000--Montana Power Co. said yesterday it has sold its nonregulated natural gas and oil business unit to PanCanadian Petroleum Ltd. of Calgary for $475 million (U.S.). Proceeds from the sale will be invested in Montana Powers telecommunications subsidiary.

The sale includes subsidiaries that have interests in crude oil, natural gas and gas liquids exploration, production and marketing in the United States and Canada.

Robert P. Gannon, chairman and chief executive, noted that "Montana Power has had a Canadian presence for nearly a half century."

The U.S. businesses have are mostly in northern Montana and in the Denver-Julesburg Basin north of Denver and include minor properties in the Anadarko Basin, Oklahoma, and Green River Basin, Wyo. Modern fractionation plants are at Cut Bank, Mont. and Ft. Lupton, Colo. The Canadian properties reside mostly in southern and central Alberta and in southern Saskatchewan.

David Tuer, PanCanadian's president and chief executive, said "The potential in these assetsis significant, and over the next few years, we will add substantially to PanCanadian's daily natural gas production."

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