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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

Bankrupt Enron to Hold Asset Sale to Fund Settlements

LCG, August 28, 2002-Enron Corporation will sell several significant assets in order to pay for settlements.

Enron announced that Oregon utility Portland General Electric and Transwestern Pipeline Company will be auctioned, along with a 50 percent stake in the Citrus Corporation, a join venture with El Paso Corporation, as will some nine other holdings.

Final bids are expected in November in order to finalize decisions by the end of the year. Decisions will be subject to bankruptcy court approval.

Experts point to the pipeline as the most likely asset to be sold at a fair price because of its reliable source of revenue.

Other financially desperate companies, such as Dynegy Corp., have also made asset sales plans as well.

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