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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

Pat Wood Named to Head FERC

LCG, Aug. 15, 2001--Former Texas utility regulator Patrick Wood III was named yesterday to succeed Curt Hebert as chairman of the Federal Energy Regulatory Commission.

Wood, who is seen as favoring FERC intervention in wholesale power pricing, will take over from Hebert on September 1. The new chairman is a Republican, and was appointed to the commission earlier this year.

One of Wood's first jobs as chairman will be to lead FERC through negotiations between the state of California and a handful of independent power producers that the state says overcharged it $8.9 billion for electricity.

A FERC administrative law judge has said the amount due is $1 billion at most and that California is unlikely to see any cash refunds because the power producers have not been paid for much of the electricity purchased at any price.

Wood's elevation is certain to be welcomed in California, where Gov. Gray Davis and some of his Democrat appointees to the California Public Utilities Commission have said they feel he is sympathetic to problems facing the state's energy sector.

But Wood is also a confidant of President George W. Bush, who has been outspoken in favoring market forces. The new chairman is unlikely to push initiatives that run counter to those of the administration.

Hebert's departure from the commission will leave a vacancy on the five-member panel. Among those being considered for the open seat are Joseph Kelliher of the Department of Energy and McLane Layton, an energy expert on the staff of Republican Sen. Don Nickles of Oklahoma, who is a member of the Senate Energy and Natural Resources Committee.

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