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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

Who Gets Hit with Enron Fallout

LCG, Nov. 30, 2001--For the past few days, energy companies and financial institutions have been cranking out press releases detailing their "exposure" to the stunning collapse of Enron Corp. Here is an incomplete list of who gets hurt and how much:

  • Aquila Inc. - less than $50 million.
  • Allegheny Energy Inc. - less than $5 million.
  • American Electric Power Co. - under $50 million.
  • BP Plc - exposure "a couple of tens of million dollars," according to industrial observers.
  • Barclays Bank - 400 million ($571 million U.S.) in the form of syndicated loans and derivatives.
  • Bear Stearns Cos. Inc. - $69 million.
  • Canadian Imperial Bank of Commerce - $215 million, more than half of it unsecured.
  • Centrica Plc - 30 million ($42.8 million U.S.).
  • Chubb Corp. - $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp.
  • Citigroup Inc. - between $700 million to $800 million, about half unsecured.
  • Credit Lyonnais - $250 million, about half unsecured.
  • Commerzbank AG - "low double-digit million dollar amount".
  • Deutsche Bank - maximum loss of tens of millions of dollars.
  • Dominion Resources Inc. - past credit exposure of $11 million.
  • Duke Energy Corp. - $100 million in non-secured exposure.
  • Dynegy Inc. - $75 million.
  • El Paso Corp. - net trading exposure about $50 million.
  • Energen Corp. - about $14 million.
  • Exelon Corp.- net exposure less than $10 million.
  • ING (The Netherlands) - about $195 million.
  • J.P. Morgan Chase & Co. - $900 million, including $400 million in secured loans.
  • KeySpan Corp. - less than $4 million.
  • Mirant - up to $60 million.
  • NRG Energy Inc. - less than $10 million.
  • Northern Border Partners LP - $9 million over next year.
  • PPL Inc. - less than $10 million.
  • Peoples Energy Corp. - approximately $8 million.
  • RWE AG - 10-11 million euros ($9.77 million U.S.).
  • Reliant Resources Inc. - approximately $80 million.
  • Sempra Energy - less than $15 million.
  • Seneca Resources Corp. - about $10.4 million.
  • TotalFinaElf - $25 million.
  • Williams Cos. - net exposure less than $100 million.
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