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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

Northwest States Ask FERC to Order Power Refunds

LCG, Aug. 21, 2001--The states of Washington and Oregon were joined by Nevada yesterday in asking a Federal Energy Regulatory Commission administrative law judge to order refunds of more than $1 billion they say they were overcharged when they purchased wholesale power to compensate for that diverted to California earlier this year.

California also got into the act, looking for a $1.5 billion chunk of the $8.9 billion the state says it has been overcharged for power over an as yet undefined time span.

Yesterday's court session before FERC Judge Carmen Cintron was the first round of a case brought by Puget Sound energy Inc and a number of Pacific Northwest municipal utilities, including Seattle City Light Co.

The hearings are supposedly unrelated to those held in July before FERC Judge Curtis Wagner, which sought unsuccessfully to sort out California's $8.9 billion claim. In that case, Wagner said California was possibly owed a maximum of $1 billion and was unlikely to see any cash at all because the power producers were still owed more than that amount.

The five-member FERC could rule on Wagner's recommendations in October.

In the case brought yesterday, which named Powerex, the power marketing arm of Canadian provincially owned utility BC Hydro, Enron Corp., Idaho Power Co. parent holding company Idacorp Inc. and Pinnacle West Capital Corp. unit Arizona Public Service Co., among others, the states argued that refunds to the Northwest states and Nevada are within the scope of FERC's overall review.

Lawrence Acker, a lawyer representing the so-called "Transaction Finality Group" which consists of the power producers, said Judge Cintron should "defer individual claims and determine to what extentrefunds are due," for the Pacific Northwest.

Acker said sales made to the Pacific Northwest were final and refunds should not be considered unless abuse of market power can be shown.

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