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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

Judge Sets Date for Vote on Bankrupt PG&E

LCG, March 27, 2002-June 17 is the tentative date for ballots to be sent to PG&E creditors, as chosen by U.S Bankruptcy Judge Dennis Montali. Creditors will be given an opportunity to vote on how PG&E's bankruptcy will be dealt with.

Two plans have been proposed regarding how to facilitate PG&E's emergence from bankruptcy. The company has an estimated $13.2 billion debt and filed for bankruptcy protection in April of last year.

PG&E suggested redistributing many of its assets into newly created subsidiaries. It plans to have 3 of four new companies answer to the more lenient Federal Energy Regulatory Commission (FERC) instead of the California Public Utilities Commission (PUC).

The PUC formulated an alternate plan based on refinancing, similar to what was done to bail out Southern California Edison. The PUC also wants to keep PG&E's hydro and nuclear power under state oversight.

While no dates have been solidified, the vote should allow PG&E to come out of bankruptcy by its 2003 goal.

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