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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

SoCal Ed 'Rescue' Bogs Down; Vote Likely Today

LCG, Aug. 29, 2001--The energy committee of the California Assembly yesterday postponed a vote on the so-called "rescue" plan for Southern California Edison Co. passed in July by the state Senate and now endorsed by Gov. Gray Davis as an alternative to the deal he worked out with the utility last April.

The vote was rescheduled for today, giving committee members time to study the many last-minute amendments to the state Senate bill. Senate President Pro Tem John Burton, a San Francisco Democrat, had earlier warned the Assembly that the bill should not be tinkered with.

Whether the Assembly committee send the measure to the floor for a vote by the entire chamber may not matter. SoCal Ed said the new version of the governor's deal was unacceptable in any case.

Instead of calling for the utility to sell its transmission assets to the state for $2.76 billion, there is now a scheme that would give the state a five-year option to buy the wires at their book value, or $1.2 billion -- less than half the price agreed to by Davis.

"We find deeply objectionable the five-year option on the sale of the transmission system for book value," Brian Bennett, the utility's vice president for external affairs, said last Thursday. "There are many provisions which are workable in the bill as drafted," he said, "but that provision clearly makes this an unworkable piece of legislation."

"Five years puts a cloud on a very significant portion of our businesses and add to that, puts a cloud at a price that is a fire sale price for a very valuable asset of the company," Bennett said.

Instead of getting $2.76 billion with which to pay much of its $3.5 billion in debt, the utility would be allowed to market on its own some $2.5 billion in tax-exempt revenue bonds. The bonds would be paid for by SoCal Ed's 180,000 largest customers, leaving untouched the 4 million or so who are also voters.

Opposition in the Assembly to what voters are bound to see as a bailout for the utility will make passage of the bill difficult even if it is approved in committee today. Reconciliation with the state Senate version could be even tougher. "It was difficult enough to get the bill out of our house as it was, and this bill is a lot, shall we say, sweeter for Edison and the industry," Burton said.

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