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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

Initiative Would Have Montana Buy Back Hydro

LCG, Sep. 4, 2002--An initiative to be on the Montana ballot later this year will ask whether the state should enter into a process by which it could buy twelve hydroelectric dams under private ownership, through negotiation or possibly by condemning them.

The reason given by campaigners for the initiative is that power prices have risen more than they would have under a regulated utility. Rates were previously relatively low compared to rates in other states. Deregulation was enacted in 1997, when the regulated utility, Montana Power, pushed for deregulation, and projected lower prices for customers following divestiture of its assets.

Residential rates were frozen until this summer, but have begun to rise. Montana Power has transformed itself into an internet service provider, Touch America, while its market capitalization is 10 percent of its former value. Surveys by the current owners of the dams in question, including PPL Corporation and Avista, have found that while residents are skeptical of the merits of deregulation, they are also wary of condemning private assets.
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