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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

LG&E, Powergen Get SEC Okay,Deal Should Close in a Few Days

LCG, Dec. 7, 2000--Powergen Plc of the United Kingdom received approval yesterday from the U.S. Securities and Exchange Commission for its acquisition of LG&E Energy Corp. ofLouisville, Ky.

The companies said it was the last approval needed for consummation of the merger, which is expected to close "in the next few days."

"The speed with which this transaction has been concluded is a tribute to the people at bothcompanies who have worked diligently to make this powerful combination a reality," said Roger W.Hale, LG&E Energy's chief executive. "We sincerely appreciate their efforts."

"Additionally, we'd like to thank our regulators, both in the United States and the United Kingdom, who recognized the value of this merger for the companies, their employees, their communities and theirshareholders," he added.

LG&E said that shortly after the closing its shareholders will receive letters of transmittal containing instructions for submitting their stock certificates at the agreed upon price of $24.85 a share.

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