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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

No Power Refund Talks Until After Summer, Duke Says

LCG, Aug. 8, 2001--California power producers are presently focused on meeting expected heavy demand for electricity and thereby avoiding rolling blackouts, and have been diverted from the problem of refunds for alleged overcharges, an official of Duke Energy Corp. said yesterday.

California Gov. Gray Davis has been adamant in his claim that the power producers -- in his view mostly Texas companies with close ties to President Bush and Vice President Dick Cheney -- owe the state $8.9 billion in refunds for charging up to $3,000 per megawatt-hour when the state was reeling from repeated rolling power blackouts.

The top administrative law judge for the Federal Energy Regulatory Commission has said the figure is more like $1 billion, if that, and added that it is unlikely that California will see a dime of cash because the power producers haven't been paid for much of the electricity.

While the dispute will be handled by FERC's commissioners, based on a report by Judge Curtis Wagner, who presided over two weeks of negotiations that failed to reach a settlement in early July, not much can be expected in the way of further negotiations until summer's peak demand period has passed, according to Jim Donnell, president and chief executive officer of Duke Energy North America, Duke's merchant energy subsidiary.

"We'd love to be engaged in active dialogue around reaching a real resolution of the problems, but it's not easy to get everybody engaged," Donnell said while attending the Rocky Mountain NaturalGas Strategy Conference sponsored by the Colorado Oil and Gas Association. "While I'd like to believe that settlement is on everybody's agenda. I don't know that to be the case," he added.

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