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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

Mexican Firm Gets California Power Contract

LCG, Dec. 11, 2001--The California Department of Water Resources said yesterday it had signed a long-term power contract with Intercom Energy, a Mexican company that is planning to build a power plant in the northern part of the state.

Oscar Hidalgo, a spokesman for the water agency, said "They are looking to actually put steel in the ground in northern California. We are obviously intrigued by that because of the need for peak time energy in northern California."

The contract with Intercom is for 200 megawatts for two years at an average price of $45 per megawatt-hour. That price compares very favorably with about $43 billion in long term contracts negotiated last spring at an average of about $69 per megawatt-hour.

But those earlier contracts were negotiated when the state thought it was facing years of rolling blackouts because of an insuffiency of supply and soaring prices on the volatile wholesale electricity spot market.

The commissioning of new power plants is taking care of the supply problem and prices on the spot market are currently about $25 per megawatt-hour.

The state has been attempting without much success to get power producers to renegotiate those earlier contracts but Hidalgo said that the Bonneville Power Administration, the federal utility based in Portland, Ore., had agreed to reduce to price of power on an 18 megawatt contract that runs through the end of next year from $55 per megawatt-hour to $29 per megawatt-hour.

Hidalgo noted that the Bonneville contract, unlike those with independent power producers, had a clause permitting termination without giving any reason.

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