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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

Rate Increases Since '90 Greatest in Nevada

LCG, Sept. 10, 2003--Californians and New Yorkers can still lay claim to paying the highest rates for electric power, but those rates have not risen as fast since 1990 as those in Nevada, according to the U.S. Energy Information Administration (EIA), the statistical arm of the Department of Energy.

The average increase across Nevada-based investor-owned and municipal utilities and cooperatives taken into consideration was 60%. The average family in the Las Vegas area, served by Nevada Power Co., pays $107.88, up from $62.75, and has experienced a 74% increase. Nevada Power obtains 60% of its requirements for power from other suppliers at peak-demand hours, said the executive vice president of Nevada Power's owner, Sierra Pacific Resources, Michael Yackira. Rates for all state residents are about 30% less than those paid by California residents.

In neighboring Arizona, rates actually fell, by 11.8%, to an average residential rate of 7.91 cents per kilowatt-hour.

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