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VoltaGrid and INNIO Collaborate on 1.5 GW Deal for Behind-the-Meter Data Center Power Generation

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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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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Industry News

Mirant Restating Earnings, Mentions Bankruptcy

LCG, Nov. 8, 2002--The deregulated power developer and energy trader Mirant will file revised financial statements for the second quarter, following the discovery of what it it says are accounting errors, during an audit by its new accountant, KPMG LLP.

The company said that a filing for bankruptcy protection is a possibility, dependent on whether or not it is able to refinance its debt. It stated that its amended 10-Q filing, expected in December, will show a $220 million loss, revised from an earlier loss of $152 million. Mirant will also have re-audits of its statements from the years 2001 and 2000 conducted.

James Peters, speaking to Dow Jones Newswires, said "Mirant is confident in its business prospects. However, given the fact that we started a re-audit, it's prudent that Mirant cautions its shareholders of risks associated with the re-audit process." Bankruptcy protection would most likely be sought if payments on $4.5 billion in consolidated debt were to have to be accelerated.

As parts of KPMG's audit, it found that Mirant's marketing and risk management operations did not properly disclose the nature of the company's positions due to a lack of internal controls and poor coordination between those business units' activities and the general ledger. Mirant is installing a new trading system which it expects will minimize delays in reporting.

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