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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

Madison Gas and Electric To Form Holding Company

LCG, Nov. 5, 2001--Madison Gas & Electric Co. said Friday it has filed a registration statement with the Securities and Exchange Commission regarding its proposal to create a holding company named MGE Energy, Inc.

MG&E said it is planning to build and own new power plants to meet growing customer needs and forming a holding company expands the company's options for financing this new generation. "The holding company structure gives us more financing flexibility for each new project we undertake" said Jeff Newman, MG&E vice president and treasurer.

The company stressed that it had no intention of pursuing global initiatives irrelevant to its Wisconsin customers. "MG&E will continue its focus on the utility business in our local communities," said Gary Wolter, president and chief executive. "We are a community energy company and will remain one. The holding company will only increase our ability to serve our customers and shareholders well."

Among the projects that prompted plans for the new holding company is a cogeneration project to provide steam and chilled water for the University of Wisconsin-Madison and electricity for householders in MG&E's service territory. The company said the holding company structure facilitates the construction and financing of this project.

Under the holding company proposal, shares of MG&E common stock would be exchanged on a one-for-one basis for shares of MGE Energy, Inc. Company shareholders will vote on the holding company proposal at their annual meeting next May. All other approvals are expected to be completed by summer 2002.

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