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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

AEP Business Unit Split Approved by FERC

LCG, Sep. 27, 2002--American Electric Power Co. (AEP) will seek approval from the Securities and Exchange Commission to separate its regulated and unregulated business units, after the Federal Energy Regulatory Commission allowed the plan, according to the company.

The plan is meant to allow the company to meet requirements under legislation in Ohio and Texas, both states where transmission and generation functions must be separate. AEP said in a press release that having the units as distinct entities would make activities in the separate companies more transparent to investors, and allow each to raise capital more efficiently.

The Securities and Exchange Commission's chairman, E. Linn Draper Jr., said he is "optimistic" about the prospects for approval from his agency, and thinks the proposed move can be finalized by the end of the year.
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