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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

Southern Outlines Plans for Mirant Spin-off

LCG, Feb. 20, 2001The Southern Co. board of directors yesterday approved the spin-off of subsidiary Mirant Corp., which was formerly called Southern Energy. The unit is Southern's "global independent power producer."

Last September, close to 20 percent of Mirant was sold in an initial public offering and the balance will be spun off to Southern shareholders. Depending on approval from the Internal Revenue Service, the distribution will be made on April 2.

A. W. Dahlberg, Southern's chairman and chief executive, said "With the planned spin-off, we're delivering that value to our shareholders. We're also creating two great companies from one. I believe each has an outstanding future."

Each Southern Co. shareholder will get about 0.4 shares of Mirant for each Southern share they own. Cash will be paid in lieu of fractional shares and will be taxable, the company said.

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