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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

CFTC Apparently Considering Market Abuse Charges

LCG, Feb. 14, 2003--Cooperation between the Commodity Futures Trading Commission (CFTC), federal prosecutors, and the Federal Bureau of Investigation seems the likely result of a Wednesday meeting of over forty participants organized by the CFTC, which could signal aggressive pursuit of energy market abuse charges.

The CFTC's expertise in commodities markets and oversight of futures exchanges, coupled with the criminal indictment powers of U.S. Attorney offices across the country, may be wielded against traders believed to have submitted false trades to publishers of price indexes. "It's an unprecedented kind of meeting in my experience," Michael Greenberger, a former director of the Commodity Futures Trading Commissions's trading and market division, told Dow Jones. "This meeting smacks of this being taken very seriously."

To date, two sets of charges have been brought by U.S. Attorney's offices, one against Todd Geiger for gas trades he reported in November 2001, and another against former Dynegy trader Michelle Valencia, for reporting in late 2000 and early 2001. In addition to alleged attempts to manipulate energy prices through fabricated price reporting, such strategies as round-trip energy trades could be prosecuted.
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