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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

Davis Names Aide to California Public Utilities Commission

LCG, Jan. 4, 2001California Gov. Gray Davis yesterday appointed John Stevens, his leading advisor over the past six months on energy matters, to the state Public utilities Commission, the regulatory body set to vote today on a rate increase for the state's two largest electric utilities.

The appointment gives the Democrat governor a three-to-two majority on the panel, which is headed by Davis appointee Loretta Lynch.

The appointment of Stevens could be bad news for Pacific Gas & Electric Co. and Southern California Edison Co., both of which say they will run out of money within a month if they are not allowed to charge customers the full price paid for electricity delivered to them

For more than six months, the utilities have been paying up to $1.50 per kilowatt-hour for electricity they are forced to sell to consumers for a nickel per kilowatt-hour. They say those customers now owe them close to $9 billion.

Stevens, along with Lynch and Carl Wood, a third Davis appointee, are expected to take the populist course and allow the utilities to add a penny to what they charge for a kilowatt-hour of electricity.

According to Wall Street, that will not save the companies from insolvency.

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