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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

Xcel Announces Generation Expansion Plans for Minnesota

LCG, November 3, 2004--On Monday, Xcel Energy submitted to the Minnesota Public Utilities Commission its biennial Resource Plan that describes its forecast electric load growth and corresponding supply resources.

One key element of the supply plan is to extend the operating licenses of the base-load, Prairie Island and Monticello nuclear power plants, which provide about one fifth of the electricity consumed by Minnesota customers. The Monticello plant's license expires in 2010, and licenses for Prairie Island's two units expire in 2013 and 2014. The extensions would add 20 years to the operating life of each unit.

To supplement existing supplies, Xcel proposes to add 1,125 MW of generating capacity by 2015, with the most likely fuel being coal. To pursue new, base-load capacity Xcel proposes an alternative to competitive bidding because, as stated in the Resource Plan, that process is "not well suited to evaluate coal and large-scale" plants. In September, Xcel took a similar stance with the Colorado Public Utilities Commission when its regulated affiliate, Public Service of Colorado, submitted its Least-cost Resource Plan and requested a Certificate of Public Convenience and Necessity to build a 750 MW expansion of its coal-fired, Comanche Station with a waiver from the competitive bidding process.

Xcel also plans on adding up to 550 MW of "peaking" capacity by 2015. In addition, the Resource Plan includes increasing wind generating capacity from about 500 MW to almost 1,700 MW of wind power.

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