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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

Williams Said to Be Close to Acquiring Gas Producer

LCG, May 7, 2001Big natural gas pipeline company The Williams Cos. is close to acquiring, Barrett Resources Corp., a large natural gas producer, for more than $2.3 billion in cash and stock, the New York Times reported this morning.

Williams appears to have trumped a hostile takeover bid of Barrett by the Royal Dutch/Shell group. An uninvited $2 billion bid in March by The Shell Oil Co., the U.S. unit of Royal Dutch/Shell, prompted Barrett to put itself up for sale, inviting bids from all comers.

The acquisition would turn Williams into a dominant vertically-integrated natural gas producer, distributor and transportation company by adding Barrett's 2.1 trillion feet of gas reserves to an already robust pipeline and trading operation.

According to persons close to the deal, Williams would pay Barrett shareholders a little more than $70 per share in cash and stock, with the distribution evenly split between cash and stock.

Neither company has commented on the transaction. A Shell spokesman wouldn't comment on the deal but said "We are disappointed that Barrett's management refused repeated attempts to meet with us even after our public commitment to negotiate all terms of a friendly transaction including price."

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