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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

FERC Releases Market Plan

LCG, August 5, 2002-The Federal Energy Regulatory Commission released its far-reaching, nationally uniform plan to reorganize the wholesale electricity market.

FERC's 600-page document, detailing its Standard Market Design, will await public comment for 75 days.

The plan instates more rules governing the U.S. deregulated electricity industry. It is centered on the implementation of homogeneous rules applied to the whole country and seeks to apply successful deregulated market practices found in world markets into its own regulations.

While the plan refers to effective deregulation in Mid-Atlantic states and New York, some regulators in Western States feel that deregulation failed in their areas and that increased federal control of the market will only amount to further woe.

New rules include charging purchasers for creating congestion in transmission, a cost previously absorbed by utility customers.

The plan also attacks congestion by providing for better allocation of transmission resources, such as location of lines, plants, and substations.

Court decisions made this year have verified FERC's authority in taking more control of the market. Other government agencies found FERC to be ineffective in its market control.
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