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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

CA ISO to Submit Market Design Plan Today

LCG, May 1, 2002-The California Independent System Operator (ISO) intends to file a Market Design proposal with the Federal Energy Regulatory Commission (FERC) today.

The ISO, responsible for reliability in electricity transmission, has created the extensive plan to improve California's electricity transmission. Dubbed Market Design 2002, or MD02, the proposal includes addressing congestion more effectively, creating better locational signals so that new generation is built in the appropriate place, and yielding more authority to the ISO.

The plan includes capping bids at $108 per megawatt-hour, indexed to natural gas, and also requires "bid screens" to filter out bids deemed unreasonably high relative to the operating climate. This part of the proposal, to be implemented Oct. 1, is being offered in light of the September 30th scheduled end to price control. However, the ISO has made clear it would rather FERC prolong price controls over implementing the bid restriction elements.

ISO members hope that FERC will decide on MD02 by July.

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