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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

UtiliCorp Closes St. Joseph Deal, Quits on Empire District

LCG, Jan. 3, 2001UtiliCorp United Inc. said yesterday that it had completed its acquisition of St. Joseph Light & Power Co. Separately, the company announced it has terminated its agreement to acquire the Empire District Electric Co.

In a letter sent yesterday to Myron W. McKinney, Empire District president and chief executive officer, UtiliCorp President and Chief Operating Officer, Robert K. Green, pointed out that under the terms of the agreement, either company could terminate the deal if regulatory approvals of the merger were notobtained by December 31.

Arkansas has rejected the merger, Missouri has approved the merger but rejected the companies' regulatory plan in support of it, and Kansas has yet to take action.

"The significant remaining uncertainty of this lengthy regulatory process prevents any reasonableexpectation that the merger could ever be completed with balanced benefits accruing to Empire'scustomers and the shareholders of both companies," Green said.

Myron W. McKinney, Empire's chief executive, said his company was disappointed, but "will continue providing the quality services that our customers expect and deserve while providing a fair and reasonable return to our shareholders."

As to closing the St. Joe deal, Green said "The merger joins two of Missouri's most experience utilities, which have adjacent territories."

Under the terms of the merger agreement, St. Joe shareholders will receive .7933 shares ofUtiliCorp common stock for each share of St. Joe stock held as of December 29.

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