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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

Black Hills Buys Enron Power Plant Near Vegas

LCG, Sept. 7, 2001--Black Hills Energy Ventures, a unit of Black Hills Corp., said yesterday it has purchased from Enron North America a 273 megawatt gas-fired co-generation power plant project located northeast of Las Vegas. Financial details were not disclosed.

The project has 51 megawatts of production currently in operation and another 222 megawatts under construction, with commercial operation scheduled for the summer of next year. Output of both the existing plant and the expansion has been sold under long-term contracts, Black Hills said.

Daniel P. Landguth, Black Hills chief executive, said, "This project achieves several corporate objectives. First, by linking the facility to long-term contracts and fuel provision requirements, we minimize our risk exposure while securing significant recurring revenue and earnings streams. Second, the location is consistent with our desire to have generation assets in Western markets with growth potential. Finally, this power project -- our largest to date -- puts us on target to reach our goal of 1,000 megawatts of independent power capacity by 2003."

Landguth said all of Black Hills' plant acquisitions come with long-term contracts. "We are developing a strong generation portfolio without subjecting our earnings to market volatility," he said.

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