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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

Gas Costs from Energy Crisis Disputed by California

LCG, May 30, 2003--A filing by California and its major utilities on refunds that they claim they are owed for spot power purchases made during the 2000-2001 energy crisis could result in the amount of potential refunds being adjusted upward by as much as 80%, because of disagreement over whether the gas purchase costs of power suppiers have been justified.

The refunds now suggested as a starting point by a judge with the Federal Energy Regulatory Commission total $1.8 billion. California representatives have argued that while the price of gas on the spot market was relatively high during the crisis, generators, some of whom were also gas marketers, need to substantiate costs incurred specifically for generation purposes, rather than those for wholesale gas sales. Risk management mechanisms such as derivatives may also have affected the impact of gas market price fluctuations for the power suppliers.

The staff of the FERC has put forth a calculation to reflect generators' costs that is based on production costs in Canada or the Southwest, as well as transportation charges. A May 22 conference that involved generator and California attorneys brought general agreement on that formula, and thus California's argument rests mostly on obtaining proof for generators' costs. FERC has made no indications of its likely decision; filings are under docket EL00-95-045, at www.ferc.gov/Ferris.htm.

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