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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

Calpine Cancels Sonoran Pipeline

LCG, Feb. 19, 2002--A $1.7 billion natural gas pipeline planned by Calpine Corp. and Kinder Morgan Energy Partners will not be built, according to representatives of the joint venture.

Calpine said shipping contracts with other companies could not be obtained. Furthermore, it said it had not spent "significant capital" on the Sonoran pipeline project, which was to have been operational in 2004. It would have brought gas from New Mexico's San Juan Basin to locations near the southern California border.

Calpine has been watched closely by investors after its debt was downgraded by the major rating agencies, and is seeking to obtain a $350 million credit line as it reigns in planned spending.

Another pipeline being developed by Calpine is meant to serve the Otay Mesa power plant near San Diego and is now expected in July 2003, later than expected.

According to the California Public Utilities Commission, lower usage of natural gas by gas-fired electricity generators has led to a 11% decrease in demand within the Southern California Gas Co. system. Wayne Andrews, an analyst with Raymond James & Associates Inc. in Houston said that pipeline capacity could be fully utilized when demand and economic conditions return to normal. After commenting that the "gas crisis" was not solved in California, he said "we just got a downturn in the economy. Natural gas consumers used fuel oil or anything else they could in reaction to the high prices."
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