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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 Ups Payout, Confident in Con Edison Suit

LCG, June 29, 2001--Northeast Utilities is in the discovery phase of its lawsuit against Consolidated Edison Inc., Chief Executive Officer Michael Morris told the company's annual meeting yesterday. Northeast filed the suit after a merger between the two companies fell apart.

The suit, filed in the Federal District Court in Manhattan, seeks $1 billion in damages from Con Edison, the parent company for New York City's electric utility. Northeast claims Con Edison weaseled out of a $7.5 billion merger agreement the companies reached in October 1999.

Morris said his company is "more convinced than ever that Con Edison sought a way to lower the price paid for Northeast Utilities or get out" of the 1999 agreement. He added "We are feeling better and better about the lawsuit."

Morris also told shareholders of company plans to spend $800-$900 million over the next five years to double its capacity to move power to Long Island and to increase southwestern Connecticut's supply of electricity.

The Northeast board also increased the company's dividend payout by 25 percent, raising the annual rate to 50 cents from 40 cents.

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