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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 Capsule: $10 Billion Bond Issue to Go Ahead

LCG, April 9, 2001California state Treasurer Phil Angelides said late Friday that the bankruptcy filing by Pacific Gas & Electric Co. will not affect the planned $10 billion bond issue to provide funds for long-term power purchases for the state.

Angelides told Reuters that the bankruptcy could actually help the state issue the bonds, as well as close a bridge loan announced last week. The bridge loan would provide funds until the bonds could be sold.

"We are moving forward," Angelides said. "(The bankruptcy) could increase certainty in the process because certain agreements will now have to go through a court."

Angelides has stressed the need for the bond issue to provide funds for the California Department of Water Resources to negotiate long-term power purchase contracts at relatively reasonable prices. The state has been buying power on the spot market at a cost of about $50 million a day, money that comes from the state's general fund.

There's more, but not much.

  • A unit of The Williams Cos. said Friday afternoon that it has received authorization from the Federal Energy Regulatory Commission to build and operate emergency facilities on its Kern River natural gas transmission system. The enhancements, which will include two new compressor stations in Utah and one in California, will add about 19 percent to the system's capacity.
    Williams said it has also received approvals from various agencies in Wyoming, Utah, Nevada and California for the system improvements. Work will begin immediately, the company said, and should be complete by July 23.

  • Calpine Corp. said this morning that it was confident that PG&E would come out of its bankruptcy and pay for power purchased from Calpine's "qualifying facilities." PG&E owes Calpine about $267 million in accounts receivable and there is also a $68 million note receivable that is not yet due. Calpine's QFs are the geothermal generation properties it owns at The Geysers, north of San Francisco.

  • The California Independent System Operator this morning declared a Stage 2 power emergency, citing colder than normal weather. The ISO also reported a loss of generating and transmission capacity as it urged Californians to conserve electricity.

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