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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

Philadelphia Utility Customers Must Be Given to Competing Suppliers

LCG, Feb. 7, 2003--The Pennsylvania Public Utilities Commission is following through on a late-1990's restructuring requirement agreed to by utility PECO Energy, to see that alternative power suppliers acquire a minimum percentage of the commercial electricity market in and around Philadelphia.

PECO will need to see that at least 50 percent of its customers are assigned to alternative suppliers, given that 7.7 percent of commercial power customers have switched suppliers thus far. One commissioner out of the five-member panel dissented in the vote to approve the plan. The alternative suppliers are to begin serving their new customers on May 1.

Customers who wish to remain with PECO as power supplier will be able to opt out of the program. All of the approximately 152,500 commercial users will receive their bill through PECO. Alternative suppliers may bid to serve blocks of customer accounts, with each block serving 1,000 customers. Renewable energy bids will be allowed for 500 accounts per block. Only the regular, non-renewable bids will be required to be 0.25 below PECO's "price to compare". Bids will have to be submitted by Feb. 21, following the distribution of bidding rules to suppliers Feb. 17. A similar program is planned for residential customer accounts.
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