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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

PG&E: Bankruptcy Isn't Cheap

LCG, Aug. 6, 2001--Pacific Gas & Electric Co., which filed for Chapter 11 bankruptcy protection on April 6, and its parent holding company, PG&E Corp., had by the end of June spent $9 million on lawyers and other expenses connected with the bankruptcy, the Los Angeles Times reported Friday.

That is only one one-thousandth of the $9 billion in debt PG&E ran up paying high prices for wholesale electricity that the utility was required to resell to its customers at low retail rates mandated by California's failed electric deregulation scheme.

But bankruptcy experts have estimated that the total bill for armies of lawyers, accountants, investment bankers and others advising the utility, its parent company and the utility's creditors during the course of the bankruptcy proceeding could approach a half-billion dollars.

The Times noted that for the six months ended June 30, PG&E Corp. and its utility spent $25 million after taxes on professional fees and expenses related to the bankruptcy. The $16 million spent in the first quarter reflects the enormous task of preparing for the third-largest bankruptcy filing in U.S. history, the paper said.

PG&E must file a plan of reorganization showing how it will pay off its debts by December 6. PG&E Corp. and its unregulated subsidiaries are not included in the bankruptcy case.

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