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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

Nevada Power Says High-Priced Power Could Boost Rates

LCG, Mar. 5, 2002--The first day of a series of rate filing hearings by Nevada Power Co., the utility, elicited a note of caution on a possible additional 15 percent rate increase request.

The 15 percent would be in addition to an increase included in the filing being considered, which the utility says is based on the need to recover fuel and wholesale power costs paid last summer. The possible 15 percent rate request disclosed by senior vice president Steve Oldham would be needed, he said, if power purchase contracts that spread costs over time cannot be obtained. The energy costs already incurred total $922 million, and would be spread over three years, beginning April 1. If approved, the increase in the filing plus the impact of non-energy expenses would amount to a 23 percent boost in rates.

At the hearing, which took place Monday, Oldham noted that he was optimistic about the possibility of signing longer-term contracts, before more costly contracts were necessary at a later date. If a request for a one-year increase is made, it would take place with the next energy rate case, on Dec. 1.

Nevada Power last month requested unsuccessfully that the payback period for the $922 million be extended to six years, rather than the three years required by state law. Part of that cost would be made up of a 9.66 interest charge on the unpaid balance, which the company has justified as being necessary to provide sufficient return of capital to shareholders in the utility.

According to Dennis Schiffel, chief financial officer of the company, the rating services Moodys and Standard & Poors are considering a downgrade of the utilitys debt below investment grade. This would trigger an increase in borrowing costs.
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