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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

Plans for Mainland China Electric Restructuring Due This Year

LCG, Oct. 29, 2001--The president of mainland China's State Power Corp. says a massive plan for restructuring the country's electric industry, including a breakup of its generating sector, should be completed by the end of this year, the South China Morning Post reported today.

Restructuring the power industry is of major interest to the Chinese government, said Gao Yan, head of State Power, because Beijing wants to make the industry more responsive and drive down costs through competition.

Premier Zhu Rongji is known to be eager to see the industry, famous for price gouging, made subject to market discipline, the paper said.

At present, State Power controls the Chinese transmission grid and has a generating capacity of 150,000 megawatts, about half the country's total. According to insiders, the restructuring plan will call for "unbundling" of State power into generation, transmission and distribution, with the formation of an electricity pool system based on market prices.

Gao said Beijing would decide before January 1 whether to lift a ban that prevents private firms from acquiring generation assets. If the ban is lifted, there would be opportunities for Chinese power producers to acquire some of State Power's facilities.

The restructuring plan also will include a provision replacing China's provincial power bureaus with power generation companies that can compete across the country.

Lifting of the ban would also benefit China's two existing power producers, Beijing Datang Power Generation and Huaneng Power International.

Huaneng Power was established in 1994 to develop, construct, own and operate large coal-fired power plants and has installed capacity of 8,700 megawatts. Beijing Datang owns and operates four power plants with a total installed capacity of 4,050 megawatts.

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