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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 Municipal Raises Power Rates by Half

LCG, Feb. 9, 2001Mount Lassen in the Cascade Range of Northern California is an active volcano. Nothing has been heard from the mountain since 1921, but there are rumbles of a different sort coming from the municipal utility that serves the area.

The Lassen Municipal Utility District, which serves 11,000 customers in the town of Susanville and a few other hamlets, will raise its electric rates by an average of 49 percent. When they heard the news, the utility's customers breathes a sigh of relief because general manager John Baxter has said an increase of 162 percent might be needed.

The LMUD owns no generation of its own and when it bought power last fall it found that the price had gone up, rather than down as it usually does after the hot summer months.

Baxter told the district's board earlier this week that he had taken two steps to curb the rate hike. First, he wants to get rid of the district's biggest customer, the Sierra Army Depot in the town of Herlong. LMUD was selling power to the Army for less than it paid for it.

Second, he negotiated power supplies that will save the district money. A source who asked not to be named told EnergyOnline Daily News that the district signed a year-long deal with his power plant for the energy off one boiler, paying in the neighborhood of $30 per megawatt-hour and supplying the fuel.

The rate increase will add 3.5 cents per kilowatt-hour to residential customers' bills and cost commercial customers an additional 4 cents per kilowatt-hour.

One would think there was some geothermal power lurking beneath the surface of Mount Lassen.

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