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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

CMS to Sell Transmission System to Trans-Elect

LCG, Oct. 26, 2001--CMS Energy Corp. said yesterday that is would sell the electric transmission system owned by its subsidiary, Consumers Energy Co., to Trans-Elect of Washington, an independent transmission company.

According to CMS, the deal is the first outright sale of a major utility's electric transmission system to an independent transmission company. Trans-Elect will pay CMS about $290 million for the wires.

In selling its transmission assets, Dearborn, Mich.-based CMS is complying with Michigan's electric restructuring law which requires the state's major electric utilities to either divest their electric transmission systems or turn over operating control to an independent entity by December 31, 2001.

"Sale of the electric transmission system will allow for complete independence of ownership and operations, consistent with the intent of Michigan's electric restructuring law," said David W. Joos, CMS president and chief operating officer.

CMS said Consumers Energy's electric customers will see no change in their electric bills as a result of the sale, or any change in electric service reliability.

Joos said proceeds of the sale will be used to improve the company's balance sheet. The deal is subject to regulatory approval, but could be completed by the first quarter of next year.

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