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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

Fudging the Numbers Made Cal Power Auction Look Good

LCG, Jan. 26, 2001When California Gov.Gray Davis announced that the average bid received by the state's Water Resources Department for electric power contracts was 6.9 cents per kilowatt-hour, he took the surprisingly low price as a sign that "we are on the right track."

It now turns out that 6.9 cents was not the average price, but what the governor's office calls a "weighted average." With only a little more candor, it might be termed a "lightened average." Yesterday, the governor's office said the $69 per megawatt-hour "average" didn't take into account power that would be delivered during periods when it was needed most.

Periods of peak demand represent a lot of the waking hours in California, and anywhere else. The 6.9 cent figure did not include power that would be delivered between noon and 8:00 p.m. in the summer and between 5:00 p.m. and 9:00 p.m. in the winter.

A spokesman in the governor's office insisted there was no attempt to mislead anyone. "We're not throwing out those other bids," he said, "it's just that they're not letting that stuff out."

They had better let that stuff back in. California is expected to be even shorter on power this coming summer than it was last year. So far this winter, there have been two feeble storms in the state, and the reservoirs behind 14,000 megawatts of hydroelectric capacity are pretty empty.

The "weighted average" may have allowed the governor's office to paint a rosy picture, but it was only rosy for a day.

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