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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

AES, Rival Both Drop out of Bidding for Chile's Edelnor

LCG, Oct. 15, 2001--AES Corp. of the united States said this morning in a terse statement that is withdrawing its tender offer to purchase the debt of Chilean power company Empresa Electrica del Norte Grande, or Edelnor.

The notice came on the heels of a similar announcement from Electroandina of Chile, which had made a rival offer for the debt.

Edelnor, one of the largest power producers in northern Chile, is controlled by U.S. energy firm Mirant Corp., and has been plagued by losses. Mirant has said it will not make any further investments in Edelnor.

Acquisition of the debt would have given either AES or Electroandina control of Edelnor, but no both companies have apparently lost interest.

"We have decided not to go ahead with the offer for Edelnor," Manlio Alessi, a senior manager of Tractebel Andino, one of the partners in Electroandina said. No similar statement was forthcoming from AES.

AES had bid $375 per $1,000 of Edelnor's debt, while Electroandina had offered $380. Neither price was high enough to attract interest from bondholders.

"There is a big difference between the price we are willing to pay and the price at which the bond holders are willing to sell," Alessi said.

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