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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

Dynegy Completes Buy of Two New York Power Plants

LCG, Jan. 31, 2001Dynegy Inc. said yesterday it had completed the purchase of two New York power plants with a combined capacity of 1,700 megawatts. Central Hudson Gas & Electric Co. was the principal seller.

Dynegy bought the 500 megawatt natural gas-fueled Danskammer plant outright from Central Hudson and the 1,200 megawatt Roseton plant, which can burn either gas or fuel oil, from Central Hudson which owned 35 percent of the facility and its co-owners, Niagara Mohawk Power Corp. which owned 25 percent and Consolidated Edison Co. of New York which had a 40 percent interest.

Central Hudson said the sale price for both plants was $903 million and estimated its share of the sale, after recovery of taxes and undepreciated book costs, is approximately $296 million.

Central Hudson said it had contracted with Dynegy for a portion of the output of the plants, but cautioned that it was no longer the controlling factor in the price of power sold to its retail customers.

"Though we have contracted to purchase a portion of the output from the Roseton and Danskammer plants to stabilize bills for the next few years, we don't have the ability to control electricity supply costs in the long term because we no longer own large generation plants. In the future, the market will determine prices," warned Paul J. Ganci, chief executive of Central Hudson's parent holding company.

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