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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

Maharashtra Annuls Enron's India Contract

LCG, May 25, 2001The Maharashtra State Electricity Board retaliated against Enron India yesterday by "annulling" its contract to purchase power from Enron's Dabhol Power Co. The move was in response to Enron's announcement last week of a preliminary termination notice.

"You can't quit," the MSEB said, "I quit first."

The MSEB denied that its decision last night was such a response, but was a "legal notice" provoked by Enron's failure to meet power delivery requirements called for in its contract. Enron said the charge was nonsense the power has been there, but Maharashtra doesn't want to pay for it.

Since the 740 megawatt first phase of the Dabhol project began commercial operations last year, Enron has had to fight tooth and nail for each month's payment for power delivered to the MSEB. With a 1,444 megawatt second phase set to begin producing power next month, the MSEB is attempting to force Enron to make a significant reduction in rates agreed to in 1994. Enron has said it will not re-negotiate the 1994 contract.

Last night, Enron said in a statement "MSEB has chosen an obscure and improper justification for attempting to rescind a contract that, in any event, was signed more than seven years ago."

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