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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.

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.

GAO Study Reveals CA Market Abuse

LCG, July 17, 2002-The U.S. General Accounting Offices released a study on Tuesday which found that California's flawed market design allowed electricity suppliers to charge unreasonably high prices during the crisis of 2000/2001.

The GAO study showed that frozen retail electricity rates kept demand high, and the California Public Utilities Commission's dissuasion of long-term contracts left utilities vulnerable to spot market prices. This situation allowed those selling power to hold out on sales until utilities were frantic to buy and had to pay higher prices than would result in a proper competitive market.

The study did show that prices at that time should have been above average due to low rainfall and limited reserves, but the actual prices during the electricity crisis were higher than would have come to pass in a properly executed market.

The GAO also said that price caps did not prevent high prices because they did not apply to other Western states and that companies buying power had no ability to mitigate steep prices because of faulty market design.

Another GAO report released earlier this month concluded that the Federal Energy Regulatory Commission did not have sufficient authority in controlling and policing electricity markets.

The Federal Energy Regulatory Commission is still investigating possible Western electricity market manipulation, and the Securities and Exchange Commission and the Commodity Futures Trading Commission are also investigating specific companies' market practices.

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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

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GAO Study Reveals CA Market Abuse