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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 Assembly Rejects $10 Billion for Power

LCG, Feb. 1, 2001The lower house of the California legislature early this morning rejected a measure that would have allowed the state to purchase $10 billion worth of electricity and resell it at cost to cash-strapped utilities.

The state Senate had approved the legislation by a 27-8 vote yesterday and the Assembly had hoped to get the measure to Gov. Gray Davis by midnight. But when the weary lawmakers took a vote, the bill passed by 51 to 28, missing the two-thirds majority needed for passage.

The bill's supporters, almost solidly Democrat, said they would take another vote today in an attempt to win over three Republicans.

Assembly Speaker Robert Hertzberg, calling on lawmakers to vote for the measure, said "The critical point that I want to make tonight is, like it or not, we're in the power business."

The bill calls for the state to issue billions of dollars worth of tax-exempt bonds to finance long-term power purchases. The bonds would be repaid through higher electric rates charged to customers, over a period of 10 or more years.

Earlier, a number of Senate Republicans had said that they would vote for the bill only if Davis took full responsibility for the legislation, and even Democrats were putting pressure on the governor to act decisively. Sen. Don Perata, an Oakland Democrat, said the governor has not shown leadership, adding "This is not easy for a Democrat to be saying what I'm saying."

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