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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

Avista Rate Agreement Reached in Washington State

LCG, Mar. 5, 2002--Effective today, an agreement has been reached between Industrial Customers of Northwest Utilities, the Public Counsel Section of the Washington Attorney General's Office, staff of the Washington Utilities and Transportation Commission (WUTC), and the Avista corporation.

Avista has been approved to recover ninety percent of deferred power costs, incurred over the second half of last year, amounting to about $196 million. These costs were found to be acquired prudently and therefore will cease to be refundable; Avista sustains a 25 percent surcharge to assuage operating costs.

Avista serves customers in four western states, including 210,000 in eastern Washington, from which it derives 67 percent of total electric revenues. Avista will write off $21.8 million of deferred expenditures that it cannot recover through customer rates, yielding a $0.30 non-cash charge per diluted share. This change brings Avista's 2001 consolidated earnings down to $0.20 per diluted share.

A five percent monthly bill increase will follow for all customers; This charge results in an additional $2.92 per month for customers using 1,000 kilowatt-hours, in a total charge of $55.81, which is still substantially below the national average.

Efforts to minimize the impact on customers include donating $50,000 to Project Share as well as extended payment programs and increasing awareness of pre-existing low-income programs.
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