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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

Texas PUC Approves Rate Increases for Fuel

LCG, Aug. 23, 2002--Texas' Public Utility Commission today allowed major retail power sellers in the state to increase their rates, based on higher natural gas prices.

The amount of the average increase for a customer of TXU Corp., Reliant Resources Inc. or American Electric Power Co. will be $4 a month, according to a company spokesman, Chris Schein. The rate cases cited higher natural gas costs incurred by the companies. While retail power rates in Texas are largely fixed until 2006, the fuel component is allowed to trigger rate increases up to twice annually, based on rules governing deregulation in the state.

When the rate increase was first sought, the Public Utility Commission did not immediately consider the applications by the three utilities. Two weeks ago, however, a judge issued an injunctive order to permit an increase unless the PUC found the case was not justified.
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