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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

AES to Acquire El Salvador Units from Reliant

LCG, Sept. 1, 2000AES Corp. said yesterday it had entered into an agreement for a subsidiary to acquire for undisclosed terms Reliant Energy International's interest in an El Salvador company which owns three electric distribution companies.

Reliant has owned 50 percent of El Salvador Energy Holdings S.A., with Venezuelan utility Grupo EDC owning the other half. AES acquired control of EDC in a hostile takeover earlier this year. On Wednesday, AES said it had sold Colombian assets acquired in the EDC deal to Unin Fenosa of Spain.

The three El Salvador distribution companies, Compania de Alumbrado Electrico de San Salvador, S.A. de C.V., Empresa Electrica de Oriente, S.A. de C.V. and Distribuidora Electrica de Usulutan, S.A. De C.V. serve 3.5 million people, approximately 60 percent of the population of El Salvador, including the capital city of San Salvador.

Reliant said the sale is part of its plan to get out of the Latin American market and put its resources to work in the competitive energy services businesses of the U.S. and Western Europe. The company is still looking for buyers for its interests in electric systems in Brazil, Colombia and Argentina.

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