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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

Korea Electric Power Split-up Monday

LCG, March 30, 2001The government of South Korea said this morning that it will on Monday split the electric generation assets of state-run Korea Electric Power Corp. into six separate companies in a reorganization of the way wholesale power is sold and as a first step toward their eventual privatization.

"We are on track -- we will officially and legally register them as (individual) companies," an energy ministry official said today. "The (new companies) will also be trading electricity on the Korea Power Exchange starting Monday."

There will be five companies for thermal generation and one hydroelectric and nuclear power company. The thermal companies will have among them a total of 40,129 megawatts of capacity. The hydro-nuclear company will have a capacity of 22,251 megawatts.

The energy official said the six companies will be competitors starting Monday. "Wholesale prices will be deregulated then," he said, "but retail prices will be determined by the government for the time being." He added that retail prices will likely be deregulated in 2003, when the government restructures electric distribution operations.

The Korean government plans to begin privatizing the thermal companies early next year. Plans call for the government to allow foreign investors to purchase two of the thermal companies, which would allow outsiders to control up to 30 percent of South Korea's electric generation.

Korea Electric Power's transmission assets will remain under government control, the official said.

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