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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

California Utilities Will Buy Power in 2003

LCG, Oct. 25, 2002--The California Public Utilities Commission (PUC) yesterday mandated that beginning Jan. 1, 2003, Pacific Gas & Electric Co., Southern California Edison, and San Diego Gas & Electric must start buying power for their customers again, and will have access to interest-free credit from the state if necessary.

The Department of Water Resources will exit from its role as buyer of power at the end of this year, although it began buying power through long-term contracts signed during last year's energy crisis. Only a minimal percentage of overall supplies will be purchased by the utilities, which will be assigned the contracts.

The PUC also said that it would move from reviewing decisions made by the utilities after the fact to a new regulatory mode, of going over plans in advance of their execution. The investor-owned utilities have pushed for such treatment in cases in which unforeseen regulatory factors came to light once they had pursued initiatives on their own.

The President of the PUC, Loretta Lynch, said that with the ruling, "the utilities are back in business." It found that the utilities' projected purchases are "well within their ability to finance."
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