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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

Russia Refuses to Lower Energy Prices for WTO

LCG, October 31, 2002-Russia will not allow foreign generators to sell electricity at a price equal to domestically produced electricity, although the country is bidding to join the WTO.

Maxim Medvedkov, chief negotiator for Russia, has said to reporters that Russia need not alter its system of charging higher prices for export electricity in order to facilitate the country's entrance into the World Trade Organization.

Medvedkov is in the last state of negotiating Russia's membership in the WTO and has conceded that Russian energy should become privatized but stands firm on the issue of dual pricing, asserting that Russian per capita energy consumption is twice that of Canada.

Current WTO members disagree with Russia's dual pricing and say it gives Russian exportation of other goods an unfair competitive edge.

U.S. Trade Representative Robert Zoellick has projected that Russia may join the WTO as early as 2004 as long as economic reforms are instituted.

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