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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

Oregon PUC Cuts Electricity Rates by $312 Million

LCG, October 31, 2002-Yesterday the Oregon Public Utilities Commission mandated that Portland General Electric lower its retail electricity rates by 12 percent.

While PGE had asked for a 10 percent rate decrease, the OPUC ruled that the utility had entered into some less than optimum contracts and should not be allowed to recover $25.2 million.

A combined total of 125 megwatts of peak capacity was bought at an average price of $85 per megawatt-hour, amounting to $14.65 million. Hydroelectric generation costs, as well as unplanned plant outages and plant depreciation, were also added into the retail rate determination.

PGE officials say the rate decrease will have a significant financial effect and contend that all contracts it made were prudent and necessary in order to maintain available supply.

PGE, a unit of Enron Corp., serves 730,000 customers in the Portland area.

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