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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 Wants Indian Government to Help it get Paid

LCG, Oct. 24, 2001--AES Corp. of the U.S. has asked the prime minister of India for his help in getting paid for power it has produced for the state of Orissa on India's east coast.

The dispute is an echo of a similar brouhaha on the west coast of the subcontinent, this one between the state of Maharashtra and Enron Corp.

In a letter to Indian Prime Minister Atal Bihari Vajpayee earlier this month, AES President Dennis W. Bakke said the problem in Orissa had prompted his company to have second thoughts about whether to remain in India.

According to the Associated Press, Bakke told the prime minister that his company has faced "expropriation, repeated contract violations, intimidation ... and direct interference with day-to-day management" by the state government and its agencies. The letter also complained about government-run agencies failing to pay 2.1 billion rupees ($44 million U.S.) in bills.

"If the situation faced by AES is not remedied urgently, it will undermine the trust and confidence of foreign investors in India," Bakke wrote. "While AES still remains committed to India as a country it would very much like to serve, our determination to continue is being tested."
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