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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

FERC Readjusts Standard Market Design

LCG, April 29, 2003The Federal Energy Regulatory Commission edited its plans to homogenize the countrys electricity transmission system.

FERC issued clarifications yesterday, giving more authority to local and state officials after southern states complained that the Federal government had no right to assume the level of control suggested.

The Standard Market Design comes as an attempt to streamline the electricity transmission process between regions under different authorities, eliminating rate inconsistencies and minimizing losses due to bottlenecks and other inefficiencies.

The commission has decided to allow phased-in implementation of its plans and waive implementation requirements if they are found to be so costly they do not pass a cost-benefit analysis in a specific region.

RTOs and Independent System Operators will also be the only transmission operators to appear in the revised market plan, as FERC has removed the concept of the independent transmission provider.

FERC plans to consider feedback from state authorities, utilities, and generator owners in order to compile reasonable timetables for the market plan, which divides the country into transmission areas operated by RTOs, or Regional Transmission Organizations.

FERC also noted that it will not insist upon jurisdiction regarding wholesale electricity transmission rates. The commission also yielded to pressure by giving state commissions the right to dole out firm transmission rights based upon current use instead of selling rights to the highest bidder.

The plan was initially released last year, and FERC expects to begin implementation within the year.

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