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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

California QFs Still Hope for SoCal Ed Rescue

LCG, Sept. 18, 2001--Owners of California's qualifying facilities, non-utility power producers set up under federal mandate following the Arab oil embargo of the 1970s, were still hoping yesterday that the state legislature would somehow come up with a rescue package to keep Southern California Edison Co. out of bankruptcy.

SoCal Ed owes the QFs hundreds of millions of dollars, and bankruptcy usually means that creditors are forced to settle for a fraction of what is owed them.

The QFs include medium-sized conventional power plants, cogeneration facilities and some "renewable" sources of power. Many were built under the Public Utility Regulatory Policies Act of 1978, through which Congress sought to diversify the nation's sources of electric generation.

On the chances for a SoCal Ed bailout, Kelly Lloyd of Palm Springs-based wind power producer enXco said "We are holding out some faith on that, but based on comments by John Burton, I am not very optimistic."

Burton, a San Francisco Democrat who is president pro tem of the state Senate, said early Saturday on learning of Gov. Gray Davis' intention to call a special session of the state legislature to continue work on the rescue plan, "we should have killed this baby once and for all." Lloyd's pessimism seems well-founded.

In April, Davis and the utility agreed on an arrangement under which the state would buy SoCal Ed's transmission assets for $2.76 billion and the company would use the money to pay off most of its $3.9 billion in debt.

The deal needed legislative approval, and both Davis and SoCal Ed warned lawmakers not to change a thing, but changes were made.

When the state Senate passed legislation for a SoCal Ed bailout in July, the $2.76 billion transmission purchase had become a five-year option to buy the wires for $1.2 billion. The company would be allowed to issue up to $2.9 billion in revenue bonds to raise money to pay its creditors, but would have to service and repay the debt with revenues from only those of its customers having a peak demand of 500 kilowatts -- a very small fraction of its 11 million customers.

SoCal Ed and its parent holding company Edison International Inc. immediately dismissed the Senate bill as "unworkable," saying it placed a five-year cloud on its transmission assets and valued them at a bargain basement price.

The Senate bill went to the state Assembly, with warnings from the senators not to change a thing, but again changes were made.

When the Assembly passed legislation earlier this month, the value of the transmission assets had risen to $2.4 billion, but the purchase was still a five-year option. The $2.9 billion bond issue was still there, but the debt could be serviced by tapping revenues from a much broader customer base, though residential and small commercial customers were still shielded.

The measure then went back to the state Senate, where it died in committee Saturday morning when the legislature adjourned for the year. Davis immediately said he would call a special session to deal with the SoCal Ed rescue plan.

Jonathan Weisgall, a spokesman for geothermal power producer CalEnergy, said "There appears to be a number of personality issues and issues which go beyond electricity questions here," but did not amplify. He added "We have to give (SoCal Ed) some slack and we have to give the Senate some slack to deal with these issues."

By "slack" he meant continued forbearance on the matter of being paid. All it would take to force the utility into involuntary bankruptcy would be a suit by three of its many QF creditors.

Lloyd said his company had also committed for now to not push SCE into bankruptcy. He noted that if the rescue plan is eventually abandoned he believed it most likely that the utility would voluntarily file for Chapter 11 bankruptcy protection.

Which is what Pacific Gas & Electric Co. did in April, saving the state huge amounts of time and money which would have exceeded that spent on the smaller SoCal Ed.

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