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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

Southern Outlines Plans for Mirant Spin-off

LCG, Feb. 20, 2001The Southern Co. board of directors yesterday approved the spin-off of subsidiary Mirant Corp., which was formerly called Southern Energy. The unit is Southern's "global independent power producer."

Last September, close to 20 percent of Mirant was sold in an initial public offering and the balance will be spun off to Southern shareholders. Depending on approval from the Internal Revenue Service, the distribution will be made on April 2.

A. W. Dahlberg, Southern's chairman and chief executive, said "With the planned spin-off, we're delivering that value to our shareholders. We're also creating two great companies from one. I believe each has an outstanding future."

Each Southern Co. shareholder will get about 0.4 shares of Mirant for each Southern share they own. Cash will be paid in lieu of fractional shares and will be taxable, the company said.

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