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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

Reliant Pays $50 Million to Conclude Manipulation Investigation

LCG, Oct. 3, 2003--A settlement announced Thursday that ends investigation of alleged power market manipulation by Reliant Resources is an example that should be followed by other companies, Pat Wood III, chairman of the Federal Energy Regulatory Commission, stated.

Charges had been raised by FERC that subsidiaries of Reliant Resources withheld power from the market and placed manipulative bids to force prices upward. The agency released a transcript on its website earlier in the year in which traders talked about keeping capacity offline.

The settlement includes $25 million in civil penalties, and possibly the same amount again from revenues from electricity auctions. Reliant Resources agreed to pay nearly $14 million to customers of California's defunct Power Exchange over similar charges last winter, when FERC also discussed stripping it of trading privileges.

Three power trades that had received scrutiny, including one with BP Energy at Arizona's Palo Verde trading hub, will no longer be the subject of inquiries. Gov. Davis, repeating earlier dismissals of such settlements, said "Reliant ripped California ratepayers off for billions of dollars and FERC slaps them on the wrist."
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