U.S., Philippines ink civil nuclear pact

The United States and the Philippines last week signed a civil nuclear cooperation agreement—known in policy wonk jargon as a 123 Agreement.

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The United States and the Philippines last week signed a civil nuclear cooperation agreement—known in policy wonk jargon as a 123 Agreement.

Ultra Safe Nuclear has signed a cooperative agreement with the Manila Electric Company (Meralco)—the Philippines’ largest electric distribution utility—to study the potential deployment of one or more of the company’s high-temperature, gas-cooled microreactors in the Philippines. The agreement, signed November 15, builds on a partnership between the two companies that was announced in August.