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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

PowerGen Takes Over Dominion Resources Plant

LCG, Sept. 29, 2000Big British utility PowerGen Plc yesterday completed its purchase of the 350 megawatt, natural gas-fired Corby Power Station north of London. The seller of 80 percent of the facility was Dominion Resources Inc. of the U.S. Financial details were not disclosed.

In June, Dominion Resources announced that it would sell its interest in Corby Power Ltd., owner of the plant, for about $80 million. Corby Power was to retain project debt of about $220 million. If those figures applied to PowerGen's purchase, the total value of the deal would be around $300 million.

Thomas E. Capps, chief executive of Dominion Resources, said "Corby has been an efficient, profitable and well-run facility. We're pleased to be handing the keys to one of Europe's most experienced generators. We wish PowerGen and our former partner, Electricity Supply BoardInternational, continued success."

Dominion Resources said the sale advances its strategy to divest its non-core assets and focus growth on energy markets in the Midwest, Northeast and Mid-Atlantic regions of the United States.

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