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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

Puget Energy Asks to Recover Higher Power Costs

LCG, Aug. 22, 2001--Puget Sound Energy Co., the utility subsidiary of Puget Energy Corp., said yesterday it has asked regulators to approve a rate increase to recover the net power cost the company incurs in supplying electricity to customers.

The proposal asks the Washington Utilities and Transportation Commission to approve an interim cost-recovery mechanism whereby customers' electric bills would be linked to the company's actual net power costs. This method matches the way Washington utilities currently pass through to customers thewholesale cost of natural gas, at no profit to the utility.

The company said approval of its request would allow it to collect about $84 million for additional net power costs for this year. In a statement, Puget Sound Energy said "While numerous Northwest utilities have had to raise their electric rates steeply in recent months, PSE managed until now to insulate its customers from the increase in costs associated with hydroelectric generation being at record lows and the extremely volatile wholesale power markets."

"The load-serving utilities in the Western states have all been infected by the power cost problemsinitiated by California's mishandling of their situation and misguided federal intervention in thewholesale markets," said Rick Hawley, vice president and chief financial officer.

"We don't want to end up in the same predicament as California. Timely recovery of PSE's costs is critical to ensuring that we keep our customers' rates reasonable and fulfill our customer service obligations. We think it's better to take preventative measures now and cure the disease before long-lasting damage occurs," he added.

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