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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

Enron Gets $1.5 Billion -- With Strings Attached

LCG, Dec. 4, 2001--Shares in Enron Corp. jumped 132 percent to 93 cents on the new York Stock Exchange this morning in the wake of an announcement that the company had arranged $1.5 billion in new financing from J.P. Morgan Chase and Citigroup.

That $1.5 billion has more strings attached than a marionette.

Only $250,000 will be made available immediately. To get another $250,000, Enron will have to provide the two lenders with a "satisfactory business plan." "Satisfaction of certain conditions" will have to be met before the $1 billion balance is released, and even then more than half will have to be used to repay $550 million of existing indebtedness of Transwestern Pipeline.

Kenneth Lay, Enron's chairman and chief executive, said the financing will allow Enron to "continue to do business and move forward to implement the first steps of its reorganization." Company officials said that Enron normally operates with about $2.5 billion in walking around money.

Enron is feeling the squeeze. Yesterday, the company laid off about 4,000 employees at its Houston headquarters, and those came on top of 1,100 firings in Europe. Many employees of Enron and its subsidiaries have seen their retirement funds wiped out by the collapse of Enron stock from $90 a year ago to 90 cents today.

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