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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

Northeast Utilities Demands Con Edison Merger Assurance

LCG, March 1, 2001Northeast Utilities yesterday threatened to go to court if it did not receive by tomorrow written assurance from Consolidated Edison Inc. that it would follow through on a merger agreement reached by the two utilities in October 1999.

The $3.83 billion acquisition of Northeast by Con Edison would create the largest utility in the U.S. Northeast. Most federal and state regulatory agencies have signed off on the deal, except that Connecticut regulators attached conditions Con Edison has found onerous.

Con Edison sought to soften the Connecticut stipulations but said at the same time that intransigence on the part of the regulators could endanger the merger. Instead of getting a better deal, the company ran afoul of Connecticut Attorney General Richard Blumenthal, who has asked a state court to block the merger until his office get a ruling on its appeal of the conditional approval.

Blumenthal, who is never at a loss for words, criticized Con Edison for an "abysmal record of high rates, poor service and environmental disrespect."

Now, Northeast appears to feel that Con Edison may be using the Connecticut problem to weasel out of the marriage, and has threatened a breach of promise suit.

Con Edison's response to Northeast's ultimatum, a short statement saying it is "reviewing the prospects for the merger in light of changes in Northeast Utilities' businesses that have occurred since the merger agreement," was "insufficient," according to a Northeast spokeswoman.

Michael G. Morris, chief executive of Northeast Utilities, acknowledged that his company has changed since the merger announcement. "Northeast Utilities is a substantially more valuable company today that when we entered into the merger agreement more than 16 months ago," he said.

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