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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

Enron's Fastow Surfaces -- Not Much to Say

LCG, Dec. 13, 2001--Andrew Fastow, the formerly missing former chief financial officer of Enron Corp., was put on display at a Houston news conference yesterday by super-litigator David Boies, but he was limited by his lawyers in what he could say.

"Hello. Happy holiday season. Thank you for coming," Fastow said, exactly as instructed.

At the same time, lawyers from the Attorney General's Office and the Securities and Exchange Commission who thought Fastow was supposed to be talking to them asked a federal judge to enforce an October 31 subpoena to which Fastow had not responded.

"This is not a situation where he is not going to be available," Boies said, acknowledging that the sole purpose of the Houston press conference was to show that the former Enron executive had not fled the country. "Mr. Fastow will be responding to a variety of inquiries from a variety of government agencies," Boies said.

When reporters asked if Fastow had been out of the country in the past two months, Boies said the question was irrelevant.

When Fastow failed to meet with SEC officials and lawyers from the Justice Department, the SEC asked a federal judge in Washington to enforce its October subpoena and the Justice Department rescheduled the meeting. Neither move seemed to impress Boies.

"We told the SEC we would be happy to present Mr. Fastow, however we were not going to be in a position to turn him over to the SEC on 48 hours notice," Boies said, adding "People know that Mr. Fastow is available, but he is not going to be available on 48 hours notice."

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