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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

TVA Rate Proposal Meets Some Dissension

LCG, June 10, 2003--A group of electric power distributors served by the Tennessee Valley Authority (TVA) want a planned rate adjustment by the agency to apply to industrial customers the same way that it would to residential and small customers, whereas a February proposal by TVA suggested lowering industrial rates.

The TVA management staff have said that industrial customers have paid higher rates than they would in nearby states, so if industrial rates are raised, large businesses' competitiveness could be compromised, resulting in pressure to cut jobs. The industry group representing distributors has said that the reason for the planned 8.1 percent increase for wholesale residential rates, the installation of emission control equipment, does not justify the increase being applied to only some customer groups. Harold DePriest, the chairman of the distributors' trade group and president of EPB of Chattanooga, said, "If TVA is going to restructure its rates, then we think it needs to do a better job with its homework and a better job of communicating the need for this major philosophical change." The proposal outlined a 2 percent decrease for wholesale industrial rates.

A vote on rate changes will not be held until September. TVA's spokesman John Moulton said that while it was "disappointing" that the distributors did not take the same view of rates and industrial customers as TVA did, "We're very open to continuing discussions on these issues."

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