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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

Texas Regulator Says Utilities Should Repay Dereg 'Windfall'

LCG, March 28, 2001--The top Texas utility regulator says electric utilities should surrender potentially multibillion-dollar windfalls that grew unexpectedly from the Texas deregulation law, according to a report in this morning's Fort Worth Star-Telegram.

"This one is pretty big," Pat Wood, chairman of the Public Utility Commission of Texas, said. Generated by disputed utility overearnings, the windfall could total between $4 billion and $7 billion, according to analysts. Their rough estimates put the average residential refund at between $450-$685.

Wood said the state legislature would have to provide leadership on the issue. "There are some changes of circumstance that do merit some guidance," he said.

In 1998, the PUCT set electric rates at a level that would allow Texas utilities to recover losses expected from deregulation, but those losses have failed to materialize and now some say they never will and the utilities may actually end up with gains when the state fully opens its electricity market to retail competition.

State Rep. Sylvester Turner, a Houston Democrat, has introduced legislation that would force Texas utilities to refund deregulation-based overearnings.

Utility officials say they probably don't owe anything but have asked regulators to wait at least until the deregulation process is over before figuring out the bill.

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