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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

Federal Court Says California Can't Deny Payment to Utilities

LCG, Jan. 9, 2001U.S. District Judge Ronald S. W. Lew yesterday ruled that regulating wholesale electricity rates was a federal matter and not the province of states, but said whether Southern California Edison Co. could collect some $5 billion from its customers would have to be settled in a trial.

SoCal Edison had sued the California Public Utilities Commission last November for refusing to allow it to pass on to its customers the wholesale prices the utility paid for power it delivered to them. While he agreed with the company that wholesale rates were subject to federal jurisdiction, he denied a motion to rule in the utility's favor without a trial.

Lew also denied a CPUC motion to dismiss the case, but said the regulatory body could pursue a claim that SoCal Edison failed to purchase lower cost power. Harvey Morris, a lawyer for the CPUC, said "We will investigate fully the alternatives (Southern California) Edison could have pursued and didn't."

Since late spring last year, SoCal Edison has been purchasing power at wholesale rates far higher than the retail rates it is allowed to charge. The company claims it is entitled to pass these costs through to its customers. Ron Olson, a utility lawyer, said yesterday "We are confident in the light of the ruling that we will ultimately prevail."

SoCal Edison said that if it wins the case it will spread the recovery of its money out over a five-year peiod in order to protect its customers from the non-electric shock of doubled electric bills.

Pacific Gas & Electric Co., which faces the same undercollection problem, said it saw hope in the judge's decision.

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