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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

Enron Gas Trader Gets Prison Sentence for '98 Misdeed

LCG, August 19, 2002-An ex-Enron employee was sentenced to over 3 years in prison for misdirecting gas revenue.

Steven Gary Todoroff, a former director of marketing and trading at Enron Corp.'s EOTT Energy Corp., arranged an exchange of 100,000 barrels of butane between EOTT and Petrogas Inc in December of 1998.

The 100,000 barrels of butane in question were then redirected to a company that Todoroff owned, and the barrels sold for nearly $1 million. Todoroff deposited the subsequent money into a personal account.

Replacement barrels then had to be bought by EOTT at a cost of $3 million to meet the contract with Petrogas in 2000.

Todoroff pleaded guilty in May. Last Friday U.S. District Judge Sim Lake sentenced the 47-year-old to more than three years in prison in addition to ordering Todoroff to refund the $3 million to EOTT.

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