Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 103

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 103
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 NRC policy or staff interpretations could materially postpone the start of nuclear power generation at ONE Nuclear’s proposed power projects. If ONE Nuclear’s applications are denied or subject to material conditions, it could significantly impact ONE Nuclear’s ability to deliver nuclear generated electric energy.

ONE Nuclear’s development plan requires ongoing engagement with the NRC, the DOE, and other agencies. For example, if one or more of ONE Nuclear’s nuclear reactors are interconnected to the transmission grid, then (i) that nuclear power plant would become part of the bulk power system and would have to comply with NERC and MRO reliability requirements, and (ii) that nuclear power plant would be subject to the grid interconnection process with various regulatory bodies, and the resulting interconnection agreement may need to be filed with FERC.

Changes in regulatory guidance, inspection regimes, or political oversight of nuclear infrastructure could affect the scope, timing, or cost of reactor design, development, construction, interconnection to the grid (if applicable), and operation.

If the NRC declines to issue a combined construction and operation license for any of ONE Nuclear’s planned reactors, or if FERC, SPP, NERC, MRO or the interconnecting utility imposes unexpected conditions on construction, operation, or interconnection of any of ONE Nuclear’s planned reactors, its strategy could be materially impaired. In addition, evolving federal standards on advanced reactors, emissions, and environmental impact reporting could require redesign or re-licensing of systems already under development.

ONE Nuclear may not obtain timely or successful regulatory approvals for nuclear development, which would materially impair its business model.

ONE Nuclear’s nuclear generation strategy will depend on its ability to obtain one or more combined COLs from the NRC under NRC Regulations. Nuclear power plants are subject to extensive federal regulation and must meet highly specific siting, safety, environmental, and technical criteria under NRC’s regulations. Although ONE Nuclear expects to submit a combined COL Application, the NRC’s review process is extensive and can span multiple years. Delays or denial of license issuance, imposition of additional safety reviews or design modifications, or adverse public or political opposition could prevent or delay construction start or commercial operation dates.

Further, the issuance of a COL is contingent on regulatory findings that satisfy the NRC’s standards for construction and operation, as well as environmental, seismic, and emergency planning criteria, as set forth in a final safety analysis report that addresses the “site” requirements of the NRC regulations. Any change in regulatory posture, litigation, or adverse environmental assessments could substantially impair ONE Nuclear