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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 Interim Chief Executive Gets To Work

LCG, Jan. 30, 2002--The creditors committee taking part in Enron's bankruptcy proceedings and the company's board yesterday signaled their agreement that Stephen F. Cooper is best prepared to manage and improve Enron's troubled state.

Cooper was named by the board because of his prior experience with bankruptcies at Federated Department Stores and Trans World Airlines. He is a managing partner with a firm, Zolfo Cooper, that advises ailing companies. The board also named Jeffrey McMahon chief operating officer. McMahon was described by Sherron Watkins, who expressed serious concerns about Enron's accounting practices to former chairman Ken Lay, as an executive who was openly bothered by the company's conflicts of interest.

A statement issued by Cooper said, "our focus is on the future of Enron. Enron has real businesses with real value. We will work closely with the board of directors, management and the creditors committee to develop a reorganization plan to maximize value for the company's stakeholders."

It is not known whether Enron will be able to continue as a viable business that retains its operating units. Nonetheless, Sandra E. Mayerson, who is representing members of the creditors committee, told the New York Times, "he's a person who can get in there and see where the bodies are buried and see what things are need to calm the waters."
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