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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 Crash Cost Workers Their Life Savings

LCG, Dec. 19, 2001--Two longtime employees of Enron Corp. subsidiary Portland General Electric Co. testified yesterday before the U.S. Senate Commerce, Science and Transportation Committee, saying that their life savings had been wiped out by the collapse of the energy giant.

Bob Vigil and Don Eri are among the nearly 1,000 members of International Brotherhood of Electrical Workers Local 125 who are victims of Enron's November bankruptcy, the union said.

"Little did those of us working hard every day to make the company successful know what was going on at the top of Enron," said Bob Vigil, an electrical machinist working foreman, in prepared testimony. "We trusted management's glowing reports of strong financial growth and opportunity. Then in October, Enron's house of mirrors came crashing down."

Vigil and Eri told the hearing chaired by Sen. Byron Doran, a North Dakota Democrat, that Enron prevented the workers from protecting themselves, even after the company's nosedive became apparent.

On the same day the federal Securities and Exchange Commission launched an investigation, employee investment accounts were frozen, leaving workers to watch the company stock value plunge to penny stock status, the union said

"It's unconscionable that hard-working, dedicated workers were forced to sacrifice their life savings to prop up a failing company," said IBEW President Edwin D. Hill. "Those who ran the company into the ground certainly aren't wiped out financially -- just the workers who made their success possible."

And, it should be noted, shareholders, bondholders, creditors, trading partners and others.

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