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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

South Korea Power Industry Privatization Approaches

LCG, Jan. 15, 2002--The state-run Korea Electric Power Corp. will begin the transfer of generating assets to private companies by mid-year, according to CBS MarketWatch.

Of its six generating companies, KEPCO is expected to sell all but one, which it will retain for the purpose of security. The five enterprises headed for private ownership make up 60 percent of South Korea's overall generation capacity. The sale of those plants, which are non-nuclear, leave KEPCO with ownership of the remaining nuclear and hydropower facilities.

The Ministry of Commerce, Industry and Energy stated that the first company to be sold will be offered through auction as well as the placement of shares on the stock exchange.

While a specific date for the sale of the remaining companies has not been given, three additional companies are to be transferred by 2005. The total assets to be privatized were assessed at 17 trillion won ($13.05 billion) as of June 30, 2001, and debts were put at 8.7 trillion won ($6.68 billion).

Competition in the power industry will be encouraged by a restriction preventing the management rights to multiple generation companies from being held by any one company or consortium.

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