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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

CPUC Won't Deal with Bond Issue Today

LCG, Sept. 20, 2001--The California Public Utilities Commission was scheduled to act today on eliminating the electricity customer's option to choose his own supplier but said it would not deal with the way the state's Department of Water Resources services and repays debt incurred by the pending $12.5 billion bond issue.

Tabling the bond issue deliberations further imperils the state's ability to bring the issue to market by October 31, a deadline set by state Treasurer Phil Angelides.

CPUC Commissioner Jeff Brown said at a news conference yesterday that it could take up to 45 days to decide on the water agency's "revenue requirement," the amount of money the CDWR would need to take off the top of electric customer payments to pay interest and principal on the bonds.

Also interested in the water agency's revenue requirement is bankrupt utility Pacific Gas & Electric Co., which has vowed to go to court if it feels that its customers are asked to bear a disproportionately large share of the bond debt.

Angelides has said that a long, drawn-out lawsuit could torpedo the bond issue, which is needed to repay the state's general fund for $11 billion on power already purchased and used and another $43 billion in long-term power purchase contracts that extend over -- and perhaps beyond -- the next decade.

Today, the CPUC is expected to reverse a provision of the California electric deregulation law that allows customers to purchase power from non-utility suppliers. State officials fear that keeping customer choice offers industrial customers a way to buy power from new suppliers and dodge paying for the emergency power supplies already purchased by the water agency.

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