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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

Tucson Electric Vows to Serve Arizona First

LCG, Feb. 7, 2001While Arizona regulators are willing to believe that the state's utilities might forsake their service territory customers and sell electricity in the soaring Western wholesale power market in order to make a quick buck, Tucson Electric Power Co. says "fuhgeddit."

"We would not withhold power from the Tucson market and sell it wholesale," said TEP spokesman Steve Lynn. "We would never do that." The company will serve its customers first, he said. "We don't have a hard-and-fast regulation that says we must, but there is no doubt in our minds that our first obligation is to the people on our system."

Lynn's assurances came after Jim Irvin of the Arizona Corporation Commission, the state agency that oversees utilities, said that while under old regulations, utilities were required to serve all of the customers in their service territory, under the competitive environment, launched statewide January 1, any assurance to serve as a supplier of last resort went out the window.

"Yes, they can sell power on the open market, go for the big money, and hopefully not run out ofpower," Irvin said. "Technically, potentially there is nothing to stop them."

That got other commissioners aroused and in an "over my dead body" mode. "As long as I have a say over it, utilities will continue to supply the customers, and Arizona will come first," commissioner Marc Spitzer said.

But Lynn says the commissioners' worries are unfounded. "In the long haul, shareholders would not be happy if we didn't keep our customers happy," he said. "There is no question that the shareholders, many of whom are our customers, and regulators and others, would not be happy with us if that is the way we did business."

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