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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

SoCal Ed, QFs Reach New Payment Agreement

LCG, Dec. 4, 2001--Southern California Edison Co. said yesterday that it had reached a revised agreement with independent power producers known as "qualifying facilities" for payment of past due bills for wholesale power purchased by the utility to serve its retail customers.

Among the QFs agreeing to the new plan was CalEnergy, operator of a Southern California geothermal complex, which recently brought suit against SoCal Ed. Under the revised plan, that lawsuit will be dropped, SoCal Ed said.

The revised plan amends previous agreements with the QFs to accommodate payment terms incorporated in the utility's October 2 procurement cost settlement with the California Public Utilities Commission.

"We appreciate the large number of (QFs) who have supported our effort to deal fairly and equitably with all creditors and not to single out one group for preferential payments," said SCE chief executive Stephen Frank. "We reaffirm our effort to pay all of our past-due obligations with interest during the first quarter of 2002."

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