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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 Holds Public Briefing on Standard Market Design

LCG, August 20, 2002-The Federal Energy Regulatory Commission has begun discussing its U.S. standard market design plan with energy industry officials.

The plan was first released July 31, and yesterday saw FERC's first briefing. Additional public briefings will be held in Boise, Idaho on August 22, St. Louis, Missouri on August 28, and Carmel, Indiana on September 19.

According to FERC, the purpose of standardizing the market is to apply uniform market rules to lower costs for consumers, allow infrastructure investment, and prevent discrimination and manipulation in the market.

Proposed measures include mandating twelve percent surplus energy to be available within three years. Also included are a price cap of $1,000 per megawatt hour as well as an allowance of wholesale price caps if manipulation is found to have driven up prices.

According to the FERC plan, regional transmission authorities, or Independent System Operators, would also have advisory units to check for market abuse.

Perhaps the most controversial proposal is the common network tariff, which would be applied to all wholesale and retail electricity transmission. State regulators normally control tariffs and would have to yield this power to the federal commission.

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