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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

Ontario Government Acts to Attract New Generation

LCG, August 5, 2004--The Ontario electricity market today is faced with a need to rapidly develop new electricity supplies in order to meet the government's goal of shutting down its aging fleet of coal plants and reduce emissions. The coal plants represent about 7,500 MW of capacity, or roughly a quarter of Ontario's generating capacity. Yesterday, Ontario Energy Minister Dwight Duncan visited the Calgary Chamber of Commerce to discuss the government's vision for the energy markets and interest in attracting the private sector to invest in new generation located in Ontario.

The government has been actively promoting change in the markets. In June 2004, the government issued a Request for Proposals (RFP) for 2,500 MW of new generation and/or conservation in Ontario, as well as an RFP for 300 MW of new renewable energy capacity in April. Duncan predicted yesterday that Ontario will be signing contracts by January.

Legislation was introduced on June 15, 2004 to restructure the Ontario electricity market, including the creation of a new government entity, the Ontario Power Authority (OPA). The OPA's responsibilities are to include planning for long-term electricity supplies.

Investors remain cautious, given Ontario's previous move towards competitive markets in 2002, which was followed by a partial reversal back to regulation.

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