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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

Consumer Group Sues CPUC Over 'Ratemaking' in Bankruptcy Plan

LCG, Apr. 11, 2002--A lawsuit has been filed today in the California Supreme Court by the Foundation for Taxpayer and Consumer Rights against the state Public Utilities Commission over the agency's plan to direct ratepayer revenue to paying down the debt of Pacific Gas & Electric Co.

Doug Heller, the group's spokesman, said, "by state law, the commission is not allowed to do ratemaking in closed session. If they are proposing an alternate PG&E plan to extend a rate hike, that's doing ratemaking." The CPUC has been given a deadline of April 15 by U.S. Bankruptcy Court Judge Dennis Montali by which it must submit a more detailed reorganization plan to be considered alongside Pacific Gas & Electric's own plan.

The CPUC plan would cause Pacific Gas & Electric to suspend shareholder dividends, refinance long-term debt, and would maintain retail electricity rates at current levels. When the CPUC's plan was first released for review, president Loretta Lynch said that Pacific Gas & Electric was building cash reserves because it was receiving higher revenues from power sales than the cost of supplying the power. The company contended that the CPUC's plan severely underestimated the amount of PG&E's debt and liabilities.
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