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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

California Governor Seizes SoCal Edison Power Contracts

LCG, Feb. 5, 2001California Gov. Gray Davis moved quickly late Friday to seize control of Southern California Edison Co. low-cost "block forward" power contracts after a state court judge ruled that the California Power Exchange could liquidate the contracts to pay $215 million owed by the utility to independent power producers.

SoCal Edison had pledged the contracts, which give the holder rights to purchase electricity at prices far below the so-called "spot" market, as collateral against funds owned to the owners of power plants in Southern California.

In a statement issued by the governor's office, Davis said "I am using my emergency powers to seize options to buy very inexpensive power that would otherwise be lost forever. These options will provide reliable power through the end of the year. It is important to protect these contracts for the people of California."

SoCal Edison lost its attempt in court to retain control of the contracts on Friday and Pacific Gas & Electric Co. is expected to experience a similar fate in its case in a San Francisco Superior Court. The Power Exchange is currently prohibited from liquidating the PG&E contracts by a restraining order that expires today.

The power producers, who purchased generating facilities divested by the state's utilities as part of its electric restructuring scheme, are increasingly worried that they will be unable to collect the billions of dollars owed them by SoCal Edison and PG&E.

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