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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

TECO, Aquila, Questar Deny "Round-Trip" Trades

LCG, May 21, 2002-TECO Energy, Aquila, and Questar asserted that they made no "round-trip" trades in the California electricity market.

Because of the release of Enron memos elaborating strategies by which to manipulate the electricity market, the Federal Energy Regulatory Commission ordered over a hundred energy companies to state whether or not they participated in any of the twelve listed strategies by May 22.

TECO said in a press release yesterday that it employs policies to prevent "round-trip" trades, where energy is sold and bought back at the same price in order to artificially inflate trading volumes. Aquila, El Paso Corporation, and Questar have also denied participating in "round-trip" trades, while Williams Cos., which will make a more significant statement tomorrow, says this type of trade made up less than 1 percent of its total trade volume.

Reliant Resources, Dynegy, and CMS Energy have admitted to participating in "round-trip" trades.

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