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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

Britain's Ofgem Says Power Firms Have 'Rigged Market'

LCG, Aug. 13, 2001--The head of Britain's Office of Gas and Electricity Markets has warned that power companies have deliberately manipulated Neta, the new electricity trading market, to keepwholesale prices high, The Independent, an English newspaper, reported yesterday.

Ofgem chief executive Callum McCarthy said that since the new energy trading arrangements were set up in March, he suspected that companies had knowingly abused the market. "There have been some instances where prices have unusually changed, which looks very hard to justify in normal market conditions," he said.

McCarthy's complaint could be a ploy to gain additional clout for his agency. His comments come as the Department of Trade & Industry is due to decide whether to give Ofgem full powers to investigate such abuses, the paper noted.

McCarthy said that price fixing is more difficult under the new trading arrangements that it was under the previous power pool, but he believes companies still withhold generating capacity to influence prices. Without the new powers he is seeking, "the market will be more open to manipulation, and quite simply electricity prices will be higher. Ofgem has an obligation to protect the interests of consumers," he said.

Ofgem previously had included in its business licenses a "good behavior" clause under which companies could be put out of business for suspected abuse of market power. When British Energy Plc and AES Corp. of the U.S. refused to sign such contracts, the matter went to the British Competition Commission, which ruled last year there was no need for the clauses.

McCarthy has been pushing to have the clauses restored, in one form or another, ever since.

The Electricity Association, a trade organization in the UK, said in a letter to the Department of Trade & Industry that it was "strongly opposed" to Ofgem's proposals and that new abuse clauseswould deter new generators from entering the market.

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