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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

Enron, Portland General Cited in FERC Report

LCG, Nov. 25, 2002--Schedules for power generation and transmission submitted by Enron and Portland General Electric were intended to create the illusion of congestion on transmission lines and boost profits for the now bankrupt energy trader and its utility subsidiary, a Federal Energy Regulatory Commission report indicates.

According to the FERC's preliminary findings, Portland General and Enron's transactions were hidden through the use of Avista Corp.'s Avista Utilities as an intermediary. FERC staff found 1,290 instances during April and June 2000 in which Portland General did not properly disclose the nature of its transactions on its website. Portland's traders and transmission schedulers seem "confused and uncertain" as they conducted their transactions, and referred to the nature of some trades as "bogus" and "bizarre," the reported stated.

While power was supposed to be flowing along a north-south transmission path in the West, no power actually was transmitted. Enron was paid for relieving the phantom congestion. Portland General, according to its president and chief executive Peggy Fowler, found "we did not knowingly participate in trading strategies that were deceptive or misleading," based on its review of the documents it submitted to FERC.

The report may affect California's attempt to obtain $8.9 billion worth of refunds for what it says were overcharges for power purchases. The FERC has allowed the state an additional 100 days during which to develop a case for such refunds.
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