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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

NRG Announces Emergence from Bankruptcy

LCG, Dec. 8, 2003--The former subsidiary of Xcel Energy Inc., NRG Energy Inc., announced that it has come out of Chapter 11 bankruptcy protection, and will raise cash, common stock and $500 million of new debt issues to be distributed to creditors.

While in bankruptcy, NRG rid itself of $6 billion worth of debt, leaving it with $510 million of corporate debt outstanding, and will have $4.4 billion of debt attached to specific projects. Xcel Energy has completely divested from its subsidiary.

NRG's unit NRG Power Marketing Inc. was also under bankruptcy protection, but announced its emergence last week. NRG Northeast Generating LLC and South Central Generation Holding LLC are expected to follow the same path once $2.2 billion worth of debt has been refinanced, according to the parent company.
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