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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

Hyder Reconsiders Spin-off of Power Business

LCG, July 18, 2000--Hyder, the Welsh water and energy utility being pursued by the Japanese investment bank Nomura Securities and WPD, a U.S. venture between PPL Inc. and The Southern Co., said in a statement yesterday that it was reconsidering a separate sale of its electricity business.

The company said that earlier this year it had considered selling the electricity business and transferring its water business to an alternative ownership structure but had backed off because of loan conventions which would have required the company to pay off much of its 1.67 billion ($2.5 billion U.S.) debt at significant premiums.

The company said lenders have since indicated that they would be more flexible so the possibility of the breakup of the company was being reconsidered.

"The board has decided to re-examine this option with a view to offering shareholders greater value than either of the current offers and has appointed Merrill Lynch to work with its other advisors in developing this possibility," the company said in its statement.

Nomura had offered 402 million ($602 million) for the company earlier this year. WPD has since offered 464 million ($695 million) and has received approval from the European Commission.

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