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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

New Round of Enron Indictments Handed Down

LCG, May 2, 2003--The government's investigations of Enron executives has led to the indictment of eight people this week, as well as the wife of Andrew Fastow, the former chief financial officer of the corporation.

A Houston criminal defense attorney, Kent Schaffer, told the Houston Chronicle that if those indicted decide to proceed to trial, rather than cooperating as witnesses against others such as former chairman Kenneth Lay and chief executive Jeffrey Skilling, progress would be slowed substantially. Such trials could involve detailed and highly technical testimony that might be difficult for jurors to follow.

On Thursday, seven defendants appeared in court to plead innoncent. Lea Fastow, Andrew Fastow's wife of 18 years, will be tried apart from the executives, and is charged with conspiracy to commit wire fraud, money laundering, and filing false tax returns, in connection with a special purpose entity concerned with wind farms in California.

In the case of one executive who served at Enron Broadband Services, which the government claims misrepresented its prospects for supplying high-bandwidth data services, lawyers for Joseph Hirko said organizers of a class-action lawsuit on behalf of shareholders had decided not to name him in it. His lawyers asserted that he was being indicted because of over-aggressive prosecutors, not actual evidence.
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