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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 Treasurer Helping Federal Investigators

LCG, Feb. 26, 2002--A former treasurer at Enron who played a crucial role in setting up off-balance-sheet partnerships has been discussing his knowledge of related transactions with federal prosecutors.

Ben F. Glisan Jr. is under criminal investigation, and according to people familiar with the situation, may or may not be offered a deal of lesser charges or immunity in return for information provided. Glisan helped to structure Raptor partnerships, which the then-chief financial officer Andrew Fastow used to move debt off of Enron's books. He also provided "transaction support" for a partnership known as "Chewco." A request was made by Enron's board in October for Glisan to explain accounting issues relating to that partnership. A later committee report ordered by the board concluded that Glisan was most likely aware that Chewco did not operate independently of Enron, in compliance with company standards.

Investigative subcommittees within Congress have not called Glisan to testify because the strength of a Justice Department criminal case would be weakened by his appearance before legislators, even if he simply invoked his Fifth Amendment rights against self-incrimination.

The willingness of Glisan to take part in dialogue with federal officials is likely due to the advice of his attorney, Henry F. Schuelke 3rd, who is reputed by other lawyers to see some value in cooperation with criminal inquiries when it may offer more to a client than battling prosecutors.
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