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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

Big Hidrocantábrico Shareholders Back RWE Bid

LCG, March 1, 2001RWE AG of Germany, which is bidding against Electricidade de Portugal to acquire Spain's Hidroelctrica del Cantbrico, said yesterday it had won the backing of two Spanish families which between them own 5 percent of Hidrocantbrico and from a private equity fund that is in the process of acquiring 10 percent of Spain's fourth largest power generator.

RWE said it expected to get support from private investors owning another 10 percent of the Spanish utility, which would give it a healthy 25 percent backing and a good chance of upsetting Electricidade de Portugal, which most observers consider the frontrunner.

Hidrocantbrico has been the target of takeover bids for the past two years, but Dietmar Kuhnt, RWE's chairman, thinks his company will be the one to make it happen. "We are aiming for leadership in both voting rights and capital - it cannot be our aim to create an ownership situation that would lead to a stalemate with EdP," Kuhnt said.

Hidrocantbrico's voting rules limit shareholders, regardless of the size of their holdings, to a 10 percent vote. Thus it is far better to have four supporters with 10 percent each than two with 20 percent each. By the same token, it does not make sense for a suitor to acquire more than 10 percent on its own.

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