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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

Ex-Enron Trader Expected to Admit Fraud

LCG, October 17, 2002-A former employee with the West Power Trading division of Enron is expected to plead guilty to charges of fraud, according to a Reuters source.

Timothy Belden worked in Portland, Oregon during the California energy crisis and has been charged with conspiring to commit fraud.

Reportedly, Belden will plead guilty today to one count of conspiracy to commit wire fraud, an offense which in this case is related to the manipulation of California's electricity market.

He is expected to plead guilty in exchange for leniency as he will help government officials to investigate higher-level Enron executives. While Belden's lawyer has publicly contended that her client is not an upper level executive and was not acting out of greed, Senate committee investigators are of the opinion that Belden played an integral role in Enron's market manipulation strategies.

Belden's case is being heard in U.S. District court in San Francisco at noon.

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