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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

CFTC Sends Subpoena to Avista

LCG, June 24, 2002--The U.S. Commodity Futures Trading Commission sent energy company Avista Corp. a subpoena ordering trading records relating to "round-trip" trades.

Avista has been under threat of losing its trading license, along with three other energy traders: Williams Cos Ltd., El Paso Electric Co., and Portland General Electric Co. The Federal Energy Regulatory Commission warned these companies after an initial order to over a hundred companies to state whether or not they had participated in certain trading practices.

On June 14, Avista said that it did not knowingly participate in manipulative trading during California's energy crisis.

The CFTC has joined FERC, the Securities and Exchange Commission, and the Justice Department in the investigation of the electricity market.

According to Reuters, Avista believes that other companies must have received subpoenas from the CFTC as well.

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