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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

SoCal Ed Will Wait for Lawmakers to Return

LCG, July 30, 2001Southern California Edison Co. said on Friday that it will cut a little slack to California lawmakers and wait for the state legislature to return from its summer vacation, rather than sticking to its August 15 deadline for legislation to permit the state to purchase its transmission assets.

When California Gov. Gray Davis and the utility negotiated a deal for the state to pay $2.76 billion for the utility's transmission system early this year, they set the deadline and have insisted it must be adhered to..

Now, officials of SoCal Ed say they will use the time between now and August 20, when the legislature will reconvene, to work with the governor's office, legislative staff and regulators to put together a plan for the lawmakers to consider when they are refreshed from a month's vacation.

Three measures, one in the state Senate and two in the Assembly, were in various degrees of sinking when the legislature adjourned for its summer recess. All contained wide diversions from the deal put together by the company and the governor.

Legislation adopted last week by the state Senate did not provide for the purchase of the transmission lines, though it would provide state backing for up to $2.5 billion in bonds to be issued by SoCal Ed. A company official said that some provisions of that bill "simply don't work well, don't work at all." The Assembly adjourned without having taken a vote on any sort of plan.

Now, the company appears ready to give the legislature another chance to get the arrangement with Davis right.

On Friday, Ted Craver, chief financial officer of the utility's parent company, Edison International Inc., said in a conference call with some SoCal Ed creditors "As long as we see a significant and good faith effort to get that resolved, we have a preference to put all of our efforts to that."

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