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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

Progress Energy Subsidiaries to Take Its Name

LCG, Oct. 2, 2002--Two major Southeastern utilities that are part of Progress Energy, Florida Power and Carolina Power & Light (CP&L), will no longer use their currently recognized names starting next year.

Progress Energy originated when Carolina Power & Light acquired Florida Progress, the parent of Florida Power. Since the merger, each utility has retained its existing name. "Using one name will avoid the additional expense and complexity of supporting multiple brands and maximze the imapct and effectiveness of our communications efforts. We also believe a single brand name will help unify our employees and culture and reinforce the message that we are one company," stated William Cavanaugh, chairman and CEO of Progress Energy.

Customers of each subsidiary will still see the name of their respective utility on bills until March 2003, while the Progress Energy name begins to appear in place of the other names on equipment and in public venues. Other subsidiaries belonging to Progress Energy in non-regulated markets include Progress Ventures and Progress Fuels. While the former is involved in merchant energy generation, marketing and trading, the latter is in the business of fuel extraction.
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