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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

Gradual Increase in Merchant Generation Proposed in Arizona

LCG, Sep. 30, 2002--The Arizona Corporation Commission, which regulates Arizona's utilities and power markets, put forth a plan last week suggesting that an increasing amount of power be supplied by long-term contracts bid by merchant suppliers and energy marketers to supply utilities' needs.

The percentage of utility Arizona Public Service's summer demand to be met by competitive bidding would be allowed to start at 30% next year, for a total of 1,951 megawatts. In addition, must-run power purchase agreements in areas with little surplus transmission could be privately negotiated.

According to an official with APS who was present at a hearing on Thursday, congestion on some transmission lines transmitting power from plants of Pinnacle West, the unregulated affiliate, would require that those plants be given top priority for such lines' use. Possible competitors of Pinnacle West disagreed with such a policy.

Price would be one of several criteria used in selecting bids, according to the ACC's plan. Other considerations cited were reliability, creditworthiness and system-wide benefits. By 2006, the ACC said, 2,898 megawatts of APS' capacity would be subject to competitive bid.
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