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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

Corona City to Take Over Power Assets

LCG, December 3, 2002-After a year and a half of discussion, Corona City's Council has voted unanimously to take control of the distribution of electricity within its city limits.

Corona City, located just south of Los Angeles, has decided to use the power of eminent-domain to buy out distribution inside the city and create its own municipality. Initially inspired by the high prices of electricity during the power crisis of 2000/2001, on November 21 the city offered Southern California Edison, which owns distribution assets right now, $70.2 million for the assets.

Edison did not respond to the offer and will most likely dispute the value of the assets with the city in court.

EES Consulting prepared an independent report that found a 15% rate reduction through 2012 if a municipality was formed.

While Edison has stated that the study's findings are inaccurate, Corona officials have decided to go ahead with the formation of a municipality.

Southern California Edison serves 11 million people in Southern California.

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