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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

Senators Wary of Standard Market Design

LCG, Feb. 12, 2002--Senator Pete Domenici, R-N.M., told attendees of a press conference today that the Federal Energy Regulatory Commission will need to build support among Senators, particularly those representing Western and Southeastern states, for the agency's proposed "standard market design" rules.

Domenici noted that FERC Chairman Pat Wood III will attempt to address Senators' concerns about the possibility of regional power prices rising in markets where prices have lately been relatively low. Wood plans to deliver a report in April which is to respond to concerns which have come from local regulators, who may find their oversight abilities reduced. The transition to standard market design, which would redistribute authority over wholesale power markets nationwide, may be conducted on a region by region basis rather than all at once.

Depending upon members' willingness to endorse changes in market operations, Domenici said Congress could prevent regulatory changes through appropriations bills and other means. "Essentially the issue is nobody knows enough about it," he stated, at the event sponsored by the U.S. Energy Association and Energy Daily.

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