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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

New England ISO Incentive Payment Plan Has Opposition

LCG, Mar. 23, 2004--A system developed by the ISO New England for directing incentive payments to generators providing reliability is facing opposition from a group of utilities, businesses and government entities.

Under the ISO plan, reliability standards would be enforced within sub-regions. According to NSTAR, an area utility with an alternative plan, incentive payments could be lower by $1.4 billion for New England power purchasers if the incentive payments were overseen from a regional perspective instead. "While the ISO New England proposal stands to benefit generators at the expense of customers, we believe the coalition proposalwould accomplish the goal of using region-wide resources to ensure reliability at a lower cost." The plan supported by NSTAR would include a rule that power producers with plans to retire a unit would have to give advance notice.

Others signalling opposition to the New England system for reliability incentives include the attorneys general for Massachusetts and Rhode Island, the Massachusetts Division of Energy Resources, the New Hampshire Office of the Consumer Advocate, the Rhode Islands Division of Public Utilities and Carriers, Associated Industries of Massachusetts, National Grid, Vermont Electric, and Strategic Energy LLC.
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