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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

Texas Looks into Possibility of February Market Manipulation

LCG, March 11, 2003-Electricity regulatory staff with the Texas Public Utilities Commission (TPUC) are looking into allegations that generators intentionally caused electricity price spikes in February.

The TPUC market-oversight board is in the process of looking at the state market in order to see whether or not Texas power plant owners and others bid power into the Texas real-time electricity market at unfairly high prices.

The dates in question are February 24 and 25. They were brought into view by a monitoring unit set up to note unusual bidding behavior.

Natural gas prices have increased, and these high fuel costs were expected to increase power prices since a significant proportion of Texas energy is generated by natural gas-fired facilities.

The regional market operator issued an emergency appeal for February 25 because some generators did not have sufficient fuel. Real-time prices for electricity reached as high as $990 per megawatt-hour on February 24 and 25.

The investigating unit will determine whether the bidding process was fair and is also interested in whether or not all available electricity supply was offered or if power was withheld intentionally to drive up the price.

10 companies have been asked to yield records of their real-time bids over $300/MWh during the two-day period. These companies include Automated Power Exchange Inc., Austin Energy, City of Garland LCRA, Mirant Corp., TXU Corp., Dynegy Inc., FPL Group Inc., Calpine Corp., and the Exelon Corp.

The investigation may take two weeks or more.

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