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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

Midwestern Service Territories to Join PJM

LCG, Apr. 2, 2003--The three commissioners of the Federal Energy Regulatory Commission signed a conditional order allowing American Electric Power Co. Inc. and Exelon Corp. to transfer transmission grid assets to the control of the PJM Interconnection LLC.

The two utilities sought the transfer, and were responding in part to FERC's order and related incentives concerning membership in a regional transmission organization. The earliest date at which control can be transferred is May 1. The transfer will be conducted in phases, and was thought by the commissioners to be a step towards reducing overlapping, or "pancaked" charges for transmission services. FERC believes that competition will be encouraged by lower barriers to supplier participation in wholesale markets.

FERC's order, in dockets ER03-262 and ER03-263, states that AEP must provide evidence to support new rates it will instate after becoming part of PJM. FERC ordered the utilities to submit descriptions of the affected assets within 30 days.

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