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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

CA Senate Confirms Freeman as Power Authority Chairman

LCG, August 13, 2002-Yesterday the California Senate voted 25-13 to authorize David S. Freeman as chairman of the California Consumer Power & Conservation Financing Authority despite Republican attempts to show Freeman to have participated in unsavory market practices.

Although generally Governor Gray Davis' appointees are confirmed with very little opposition, two hours of debate preceded the vote.

Freeman served as the Los Angeles Department of Water and Power general manager during the California energy crisis. The DWR was responsible for purchasing some of the electricity in the California at this time, and recently the department has been under scrutiny by a California Senate committee for possible involvement in manipulative trading. Freeman, therefore, was also facing investigation, which was stepped up prior to yesterday's vote.

Republican senators portrayed Freeman as a criminal, responsible for victimizing Californian consumers and the market by inflating electricity prices. Ultimately, most Senators believed there was no evidence in Freeman's deposition that he knowingly took part in market manipulation.

Although Freeman will take up the position as power authority chairman, the Senate committeee is still investigating Freeman's role as LADWR chairman.

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