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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

California Re-regulation Likely to Reverse Under Schwarzenegger

LCG, Oct. 10, 2003--California Governor-elect Arnold Schwarzengegger favors more emphasis on an open power market than outgoing Gov. Davis, and will likely try to encourage investment in new generation and transmission infrastructure for the state.

One of the changes to state policy enacted in the past year was the demise of directly negotiated contracts between energy suppliers and large customers. Schwarzenegger's position statements and comments by aides signal that he would favor allowing such contracts again. He would also reportedly try to bring about greater diversification of fuels used by new generating plants, to lessen price volatility associated with natural gas.

Under Schwarzenegger, cooperation with other states on grid connections and long-term planning could also receive greater attention.

California's experience with market manipulation have caused California regulators to move in the direction of a possible role for the state's major utilities in making long-term arrangements for access to dedicated generating units, as in the traditional regulated model. Schwarzenegger is unlikely to make utilities or the state responsible for a greater share of generation, and instead favors better policing of electricity markets to prevent manipulation.
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