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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

Sierra Pacific to Skip Quarterly Dividend

LCG, April 16, 2001Sierra pacific Resources Inc. said on Friday that it would skip the quarterly dividend ordinarily paid to stockholders on May 1 and would try to explain the action to shareowners at the company's May 21 annual meeting.

"The dividend is vitally important in retaining investor confidence in Nevada at a time when newenergy infrastructure is so critical to protecting consumers from this crisis," said Walt Higgins,president and chief executive. "However, it is equally important that our dividend reflect our current financial condition and the continued uncertainty about the energy crisis."

The state of Nevada finds itself washed by the floodwaters of California's energy crisis and has problems of its own because of that. Sierra Pacific said continued uncertainty over how Nevada willresolve its energy crisis prompted the board's action.

"We recognize that this decision is painful to shareholders who have already suffered anunprecedented drop in the value of their investment," said Higgins. "However, it is really the onlydecision that can be made until we can get a more definitive view of how and when this crisis can beresolved."

The Sierra Pacific board also told the company to continue to keep a lid on expenditures other than those associated with safety and customer service.

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