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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

Conectiv Getting Out of the Plumbing Business

LCG, Oct. 11, 2000--Conectiv Inc. said yesterday that it has sold a division of Conectiv Services located in southern Delaware and eastern Maryland to its employees for an undisclosed sum. The business sold is a plumbing, heating and cooling contractor in both the residential and commercial markets.

Howard E. Cosgrove, chief executive of Conectiv, said "The proceeds will be redeployed into our core business." The company, the product of the merger between Delmarva Power & Light Co. and Atlantic Electric Co., was once an electric utility. It now sees itself as an operator of peaking power plants.

Cosgrove said "Conectiv is making steady progress towards our goal of establishing a leadingposition in the mid-merit generation market within the PJM power pool. Combined with our powerdelivery business, this strategy will allow us to meet the region's growing need for power in a mannerthat creates growth and value for shareholders."

"Mid-merit" means plants that can be started quickly when the price of power is high and shut off when the price begins to drop.

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