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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

State Hearings Set for Virginia Power Restructuring

LCG, Feb. 23, 2001The Virginia State Corporation Commission will begin hearings in October on a restructuring plan by Virginia Electric & Power Co. aimed at getting the company ready for a competitive electric generation market, Virginia Power said yesterday in a news release.

The 1999 Virginia Electric Utility Restructuring Act requires electric utilities to "functionally" separate their business functions so that generation can operate in a competitive market while transmission and distribution of electricity remain regulated. The law does not require a utility to sell off or transfer its power plants.

Virginia Power, a subsidiary of Dominion Resources Inc., wants to transfer $6.7 billion in generation assets to a new sister company, Dominion Generation Corp. Those assets presumably include the company's 1,900 megawatt, two-unit North Anna nuclear power plant north of Richmond and its 1,650 megawatt, two-unit Surry nuke near Newport News.

Virginia Power would not, however, transfer some $3.8 billion in long-term debt to Dominion Generation. If all or part of the debt consists of the unpaid portion of bonds issued to build the power plants, Virginia regulators may take a closer look at the restructuring plan.

The Corporation Commission will have to complete its hearing and issue an approval by the end of the year because under the restructuring law Virginians are slated to begin having the opportunity to choose their sources of electricity by next January 1. All customers of all classes will have the ability to choose by 2004.

Under the state law, Virginia Power will become distribution company only, and purchase power in the wholesale market for delivery to its retail customers. In practice, the utility would get all of its power from Dominion Generation.

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