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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

State Senate Passes Bill Capping San Diego Rates

LCG, Aug. 30, 2000The California State Senate yesterday passed a bill that would put a limit on what San Diego Gas & Electric Co. residential and small commercial customers could be charged for electricity.

The measure could reach the Assembly as early as today, but there is a question whether sufficient support for passage in the lower chamber. There is little time for lobbying, as the California Legislature will adjourn tomorrow.
The Senate legislation, caps the generation portion of the electric bill at 6.5 cents per kilowatt-hour. That would make the total bill for the typical householder somewhere around $68. In the past three months, SDG&E's residential customers have seen their total electric bills go from about $55 to around $110.

The soaring bills are the result of deregulation of the state's electric industry but affect only SDG&E customers because their utility has paid off its stranded costs and no longer falls under the rate freeze imposed on all three of the state's investor-owned utilities with the enactment of the California electric restructuring law.

The bill passed yesterday also requires an investigation into the way SDG&E purchases power on behalf of its customers. There is not much to investigate. The state restructuring law mandates that all three utilities purchase all of their power through the state-run California Power Exchange.

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