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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

AES Reviewing Sale of Indianapolis Utility Stake

LCG, Feb. 20, 2002--Indianapolis city officials are monitoring developments after an announcement by AES Corp. that it would sell a stake in the holding company for Indianapolis Power & Light Co.

AES has owned IPALCO Enterprises for almost a year, and is considering the $600 million sale due to increased cash requirements. The company wants to raise $1.5 billion overall, but has reportedly told IPL that the sale will be limited to a 20 percent stake.

City officials' main concern is that AES retain ownership of IPL generating plants. If the plants were sold, the city might have to buy power from the market. Chief Deputy Mayor Michael O'Connor told The Indianapolis Star, "that would have a direct impact on consumer electric bills."

"We'll intervene at the federal level if this turns out to be more than a minority-stake sale," O'Connor said.

A spokeswoman for AES, Crystal Livers-Powers, said "AES is making this offering on the shares of IPALCO, not its assets." The company would either make an initial public offering or sell stock to a financial institution, the city said AES had indicated. AES is nearly certain to receive significantly less than its purchase price for IPALCO, due to the fall in energy company stock prices generally.
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