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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

Power Crisis Drives Service Provider from California Market

LCG, Dec. 21, 2000--New West Energy, the first energy service provider licensed to compete in California's deregulated electricity market, said yesterday it will get out of the retail electricity market in the state and turn its customers back to their local utilities.

"If you can't stand the heat, get out of the kitchen," President Harry S. Truman said.

New West said the move is in response to recent regulatory changes and the growing financial uncertainty of California's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co., both of which have incurred billions of dollars in excess power purchase costs.

"The regulatory changes, current supply shortages, price volatility and the vulnerability of the utilities have had the effect of imposing unmanageable financial risks to energy service providers, including New West Energy," said managing director Robert S. Nichols, clearly feeling the heat.

Nichols said New West would become an "energy advisor." These days, everyone is an energy advisor.

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