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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

CP&L-Florida Progress Merger to Close Thursday

CP&L, Sets Closing Date for Florida Progress Takeover
LCG, Nov. 27, 2000--CP&L Energy Inc. said in a its acquisition of Florida Progress Corp. is scheduled to close on Thursday, pending receipt of regulatory approval from the Securities and Exchange Commission under the Public Utility Holding Company Act.

The company said in its statement "Florida Progress shareholders will receive $54 in cash or CP&L Energy common stock, plus one Contingent Value Obligation related to cash flows from certain synthetic fuel plants, for each share of FPC stock. Florida Progress shareholders have the right to elect cash or CP&L Energy common stock having a value of $54, subject to proration if the elections exceed 65 percent in cash or 35 percent in stock."

Florida Progress shareholders have until 5:00 p.m. New York time tomorrow to make up their minds, the company said.

CP&L claims the combination will create one of the nation's 10 largest energy companies based on a generating capacity of more than 19,000 megawatts and 2.8 million customers in the Carolinas and Florida.

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