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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

Retail Electric Competition Comes to Texas

LCG, Jan 2, 2002--Retail electric competition came to Texas yesterday and it appears that not only are there sufficient alternative power providers to assure a competitive market, the "prices to beat" set by regulators leave them a little room to earn a profit.

In recent weeks, the Public Utility Commission of Texas set "competitive prices" for the state's investor-owned utilities. In the Dallas-Fort Worth area served by TXU Corp.'s Texas Utilities Co., the company's rate was lowered from 9.67 cents per kilowatt-hour to 8.25 cents.

Under deregulation, existing utilities, such as TXU, will continue to have prices in their home territories fixed by the state until 40 percent of its customer base has switched. That may not happen soon, even with competitive prices from new power suppliers.

In Pennsylvania, which deregulated its electricity market two years ago, only about 5 percent of homeowners have switched providers. "We've learned that residential customers are concerned first and foremost with reliability of service and that price is important but not the only consideration," TXU spokesman Chris Schein said.

But some of the prices offered by the alternative suppliers are plenty attractive, though most require a one-year contract.

According to the Fort Worth Star Telegram, customers who want to sign a one-year contract with New Power Holdings can get a rate as low as 7 cents per kilowatt-hour. First Choice Power, the former Texas-New Mexico Power Co. of Fort Worth, is offering a one-year rate of 7.4 cents per kilowatt-hour. Reliant Energy of Houston, whose rates are frozen in its service territory, is offering a monthly rate of 7.3 cents per kilowatt-hour. For those interested in all-renewable energy from Texas solar arrays and wind farms, Green Mountain Energy is offering a rate of 8.2 cents per kilowatt-hour.

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