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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

Nevada Wants Utilities to Keep Their Power Plants

LCG, March 9, 2001The Nevada Public Utilities Commission yesterday began proceeding that would block the sale of power plants belonging to the state's two electric utilities, Nevada Power Co. and Sierra Pacific Power Co., both subsidiaries of Sierra Pacific Resources Inc.

The PUC said the move was the result of concern that Nevadans would not have enough power to meet growing demand. Casting an eye westward to California, regulators are worried that the state's electricity supply might be controlled by out-of-state power producers.

Chairman Don Soderberg of the PUC said "We can debate whether or not divestiture was a good idea at the time. But it's clear it is not a good idea today. When divestiture was first thought up we were worried about market power. Today, we're worried about keeping the lights on."

It was fear of market power that caused the framers of California's now discredited deregulation plan to require investor-owned utilities to sell their power plants. Then, when demand outstripped supply, the purchasers of those plants were blamed by politicians of "plundering" the state.

"We need to have a certain level of certainty in our power supply. The California experience hasshown us we need to get back to what works," Soderberg admitted.

Sierra Pacific Resources, which was ordered by Nevada regulators to sell its power plants as a condition of the merger between Sierra Pacific Power and Nevada Power in 1999, has already agreed to sell about 1,300 megawatts of generating capacity to NRG Energy Inc. and Dynegy Inc. for $643 million. NRG would operate the plants and Dynegy would sell the power.

A Sierra Pacific Resources spokesman said the sale still requires federal and state approval.

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