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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

California Bond Sale Going Before PUC

LCG, Feb. 21, 2002--The California Public Utilities Commission will vote today on a bond measure worth $10.85 billion, to repay the state for power purchases made in the past year.

Last year, the bond sale was set by Gov. Davis at $13.4 billion, and then $12.5 billion, and in October was rejected by the PUC on the grounds that the price paid for power through long-term contracts had not been justified. In October, Gov. Davis' administration said that estimates of power costs paid by the state were 20% lower than what had been foreseen two months earlier.

California faces a projected budget deficit of $14 billion, with an additional $6.1 billion shortfall possible due to past power purchases made using the state's general fund. If the bonds are sold by June 30, the close of the states fiscal year, the purchases will not be added to the deficit.

In additional to the $6.1 billion, California also obtained a $4.1 billion loan for power purchases, which will incur $413 million in interest charges by the end of June. Criticism of the terms of the bond measure have focused on the fact that the PUC will not have the authority to approve the Department of Water Resources' power-related costs as stated by that agency.

Loretta Lynch, PUC's president, said "the law says the PUC shall cover DWR's cost, whatever they are. The reasonableness of their costs resides with them, not us."
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