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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

California Okays $400 Million for Power Purchases

LCG, Jan. 19, 2001California Gov. Gray Davis signed two electricity-related bills yesterday evening, one of which will revamp the board of the California Independent System Operator. The other rescinds the portion of the state's 1996 restructuring law that requires the state's investor-owned utilities to sell their non-nuclear power plants.

Neither measure promised much help for Californians who endured a second day of rolling blackouts.

But late yesterday the legislature approved a measure that would provide $400 million to the California Department of Water Resources so it can continue to purchase power for the state's two largest electric utilities, which have been impoverished by subsidizing customers.

Davis said he would sign that bill today. "We're being asked to keep the lights on," he said. "If it requires some money, then money will be appropriated."

State Senate President Pro-Tem John Burton, a San Francisco Democrat, introduced a bill yesterday that would create a public power authority to finance construction of new power plants, help modernize older plants and finance energy conservation programs.

Burton said he was "taking aim at the astronomical energy prices in California."

The state Senate also debated a measure, passed on Tuesday by the Assembly, that would allow the Department of Water Resources to enter into long-term contracts with power producers to purchase electricity at no more than 5.5 cents per kilowatt-hour.

Some lawmakers questioned whether a state agency would be able to buy power that cheap. Power producers have said the soaring price of natural gas, the fuel of choice for thermal power plants in California, has made the rock-bottom price somewhere around 7 cents or 8 cents, even for a lot of power over a long period.

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