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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

Market Manipulation Procedures Extended in New York ISO

LCG, May 2, 2002--The Federal Energy Regulatory Commission is keeping in place procedures in the New York Independent System Operator territory that are intended to prevent market abuse through the end of May.

The programs were to have ended at the end of April, but were extended in order to provide a smooth transition to a possible new set of market rules. The federal agency is currently reviewing the ISO's own wholesale market mitigation plan, submitted approximately one month ago.

Representatives of generation owners, such as the Independent Power Producers of New York, have expressed dissatisfaction with the rules, which include automatic lowering of bids when they are found to deviate from historical patterns of market behavior.

The ISO's plan would provide for lenient treatment of new generators with respect to market abuse rules, at least initially. It is hoped that this would encourage investment in new generation. At the same time, its plan includes restrictions to deter market abuse thought to be more strict than the existing market regime.
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