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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

PPL Montana Leery of Mounting California Debt

LCG, Dec. 18, 2000--PPL Montana, the power producing firm formed when PPL Corp. of Pennsylvania purchased the generation assets of Montana Power Co., said Friday it would go on shipping some power to California, but was keeping a close watch on the Golden State's bank balance.

"The primary obligation of PPL Montana is to supply the needs of the customers of the Montana Power Co. under a long-term contract," said Roger Petersen, president of PPL Montana. "We have been operating these plants at full capacity, regularly selling electricity to other electric utilities in the Northwest, and to California entities that can move power directly into that state."

PPL Montana sells electricity not needed in its home state into the wholesale power market of the Western Systems Coordinating Council, which covers the 14 western states. Power sold anywhere into that system can be of benefit to California. But PPL wants to make sure California can pay its bills.

"We have been monitoring the situation in California very carefully and we are doing our part -- within the guidelines of our risk management program -- to provide needed electricity," said LarryDe Simone, president of PPL Energy Plus, the company that markets electricity produced at all ofPPL Corp. power plants.

"At PPL, we have a very disciplined approach to the energy marketing business and that includes managing our exposure to credit risk," De Simone added. "The mounting debt of the California ISO members, and their continuing ability to pay the California ISO for power, is a concern that we have addressed to protect the interests of PPL shareowners."

De Simone acknowledged that his company had received a directive from the U.S. Department of Energy to continue to sell power to California purchasers. "While we still have significant concernsabout the creditworthiness of the California ISO, we will comply with the DOE order to supply thatmarket directly, after we have met our firm contractual obligations to Montana Power and to otherparties in the Western Systems Coordinating Council," he said.

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