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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

Energy Chief Orders U.S. Power Sent to California

LCG, Dec. 14, 2000--U.S. Energy Secretary Bill Richardson yesterday ordered federal power producers in the Northwest to sell electricity to California utilities at "a fair price" in order to ease a power shortage that has become chronic and last week threatened the state with rolling blackouts.

Chronic? The California Independent System Operator declared a "Stage 2" power emergency yesterday for the eighth straight day, at a time of the year when demand is customarily low. Cal-ISO said it was only a few megawatts away from calling its second Stage 3 emergency, under which utilities would be ordered to institute rolling blackouts.

At a news conference in Washington, D.C., Richardson said he was using his emergency powers to order power wholesalers to sell power to California at a fair price. His action had immediate results as the Bonneville Power Administration, operators of federal dams in the Northwest, diverted 1,500 megawatts to California.

There is, however, precious little power to spare in the Northwest. Big companies, especially aluminum refining firms, have been shutting down operations because of the scarcity of electricity and the high price of that they can get.

Richardson was joined at his news conference by California Gov. Gray Davis and Sen. Dianne Feinstein. The two Democrats blamed California's high electricity prices on "price gouging" by generators and called for the Federal Energy Regulatory Commission to impose a price cap on wholesale power throughout the West.

"We have implored the FERC to respond to this crisis so that California's terrible dependence on spot prices can end," Feinstein said.

FERC, though, recommended that existing price caps in California be lifted and last Friday Cal-ISO did just that. The move put more power on the state's shaky grid, but at prices that yesterday reached a high of $1,407 per megawatt-hour. That's a buck-forty a kilowatt-hour, and would make the typical householder's monthly bill come to $700.

Those high prices exist for only a moment or two of highest demand, but overall the price of power in California is about five times higher than it should be. The fault is not the absence of price caps or a misguided attempt to deregulate the electric industry.

The cause is an insufficiency of power plants in the state, and the blame for that insufficiency can be laid directly at the feet of California regulators and politicians who are unwilling to allow a power plant to be built within miles of a voter who might be offended by its presence.

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