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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 York ISO Files to Eliminate Export Charges with New England

The New York ISO (NYISO) filed a proposal yesterday with the Federal Energy Regulatory Commission (FERC) to eliminate the export charges on electricity transactions between the NYISO and ISO New England (ISONE). The NYISO anticipates - subject to FERC approval - that the elimination of the export charges will be implemented by the end of 2004.

The NYISO estimates that the total charges for exports from NYISO to ISONE have been averaging about $10 million annually, while the total charges for exports from ISONE to NYISO have been averaging about $12 million annually.

The elimination of the export charges will improve the economics of inter-ISO transactions and will be another step towards achieving the FERC's regional, competitive market goals previously set forth in its Order 2000 and subsequent Wholesale Power Market Platform issued April 28, 2003. Other areas previously identified for the NYISO to address with respect to the Wholesale Power Market Platform include greater inter-regional coordination and the transmission system planning process.

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