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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

CPUC Won't Deal with Bond Issue Today

LCG, Sept. 20, 2001--The California Public Utilities Commission was scheduled to act today on eliminating the electricity customer's option to choose his own supplier but said it would not deal with the way the state's Department of Water Resources services and repays debt incurred by the pending $12.5 billion bond issue.

Tabling the bond issue deliberations further imperils the state's ability to bring the issue to market by October 31, a deadline set by state Treasurer Phil Angelides.

CPUC Commissioner Jeff Brown said at a news conference yesterday that it could take up to 45 days to decide on the water agency's "revenue requirement," the amount of money the CDWR would need to take off the top of electric customer payments to pay interest and principal on the bonds.

Also interested in the water agency's revenue requirement is bankrupt utility Pacific Gas & Electric Co., which has vowed to go to court if it feels that its customers are asked to bear a disproportionately large share of the bond debt.

Angelides has said that a long, drawn-out lawsuit could torpedo the bond issue, which is needed to repay the state's general fund for $11 billion on power already purchased and used and another $43 billion in long-term power purchase contracts that extend over -- and perhaps beyond -- the next decade.

Today, the CPUC is expected to reverse a provision of the California electric deregulation law that allows customers to purchase power from non-utility suppliers. State officials fear that keeping customer choice offers industrial customers a way to buy power from new suppliers and dodge paying for the emergency power supplies already purchased by the water agency.

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