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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

Montana Power in 5-year Power Deal with PPL

LCG, Oct. 17, 2001--Montana Power Co. and PPL Montana said separately yesterday they have reached a five-year deal with under which it will Montana Power receive 450 megawattsof electricity, beginning July 1 of next year.

Two-thirds of the amount will be baseload power while the remaining 150 megawatts will provide supply during periods of peak demand. The average wholesale price for the entire 450 megawatts is about $32 per megawatt-hour.

"Our objective was to obtain, on behalf of our customers, the best-priced electricity available on the market today. The bid process achieved the results we were hoping for," said Jack Haffey, president and chief operating officer of Montana Power's utility division. "Our customers are assured of safe and reliable electricity supply at very competitive prices."

PPL Montana, a subsidiary of Allentown, Pa.-based PPL Corp., was formed when PPL purchased the 154 megawatt J. E. Corette coal-fired power plant and Montana Power's 529 megawatt share in the Colstrip coal-burner from the utility. Altogether, PPL Montana owns about 1,150 megawatts of capacity in the state.

In its news release, PPL said the deal with Montana Power means it will have about two-thirds of the output of its Montana power plants under long-term contracts by next July.

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