EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

California Power Bonds Will Miss Deadline

LCG, Sept. 28, 2001--California will not meet its October 31 deadline for bringing a $12.5 billion electric power bond issue to market and may be hard pressed to sell the bonds before the end of the fiscal year next June, state Treasurer Phil Angelides said yesterday.

Angelides said in a telephone news conference that there was at present no schedule to issue the bonds. "There can't and won't be a schedule until the Public Utilities Commission undertakes the actions as required by law and that are necessary to enable this office to market and sell bonds at investment-grade ratings," he said.

Sale of the bonds was originally planned for May of this year, but regulatory and legislative foot-dragging has repeatedly caused the deadline for the issue to be put off. The latest October 31 deadline coincided with the date that interest rates will jump by more than 50 percent on a $4.3 billion bridge loan the state took out in anticipation of the bond sale.

Angelides is anxious to get the bonds sold so the state's general fund can be repaid more than $7 billion borrowed from it by the California Department of Water Resources to purchase wholesale power on behalf of the state's cash-strapped investor-owned utilities.

The California Public Utilities Commission must issue two controversial orders before the bonds can be brought to market. One would allow the water agency to recover the cost of power purchases without regulatory review. The second would establish the water agency's "revenue requirement," the amount of money the agency must receive from electricity customers to cover its power costs and the additional expenses associated with being a middleman in the electricity business.

The rates each of the three utilities charge their customers would be based on the revenue requirement.

The state's largest utility, Pacific Gas & Electric Co. has vowed to challenge the revenue requirement order in court, which could delay the bond issue by months, if not years.

Angelides warned of a "budget meltdown" if the CPUC does not act quickly on the two orders. "The rate agreement has had public comment, it's been out there more than three months," he said. "There's going to be litigation no matter what. Therefore, let's get it on."

Even if the water agency repays the general fund the money it borrowed to purchase power, the state faces in this fiscal year a budget deficit of more than $3 billion. If the general fund isn't repaid, the deficit would approach $10 billion.

"People don't see the freight train of fiscal problems ahead," Angelides lamented. He said programs for children, the elderly and the poor would all suffer if the general fund is not repaid in a timely manner.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service