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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

U.S. Supreme Court Will Not Hear CA Contract Case

LCG, June 3, 2002-California lost its appeal over seized electricity contracts on Monday.

California governor Gray Davis California seized Power Exchange (CalPX) forward contracts during the California electricity crisis. A San Francisco lower court ruled that Davis could not seize the contracts, and the U.S. Supreme Court denied his appeal without providing comment.

Governor Davis took control of contracts made during the crisis on behalf of electricity consumers who faced blackouts. Duke Energy Corporation sued Davis last year, saying that the contracts were seized illegally. The 9th U.S. Circuit Court of Appeals ruled 2-1 in favor of Duke in Davis v. Duke Energy Trading and Marketing.

The governor argued that the seizure was acceptable under California's sovereign immunity, whereas Duke Energy argued that it was a violation of the Constitution's Supremacy Clause.

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