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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

PNM Halts Western Resource Deal

LCG, Jan. 9, 2002--PNM Resources, which had been in negotations to acquire Western Resources Inc.s Kansas-based utility operations in a stock deal, announced that its Board of Directors had decided not to move forward any further with the proposal.

The transaction had originally been considered in November 2000, but was prone to being cut short if progress in the deal was not considered acceptable by the close of 2001.

PNM brought suit against Western Resources in October on the grounds that Western Resources misrepresented regulatory requirements and adverse regulatory rulings. The next month brought a countersuit from Western, and both lawsuits are held up in New York state court.

PNM Senior Vice President Patrick Ortiz, who serves as chief legal counsel and corporate secretary, stated, "It is clear that this transaction cannot be completed as originally designed. Regulatory rulings in Kansas, including one declaring a necessary condition of the transaction to be unlawful, and actions and failures by Western which are inconsistent with the terms of the Agreement made it necessary for PNM to take this action."

PNM Resources, based in Albuquerque, New Mexico, is an energy holding company the principal subsidiary of which is Public Service Company of New Mexico. The subsidiary is a supplier of electric power and natural gas service to over 1.3 million people in New Mexico. It is also a seller of power within the Western U.S. wholesale market.

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