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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

AEP Announces Agreement to Sell Nearly 5,200 MW of Coal and Gas-fired Generation in PJM

LCG, September 19, 2016--American Electric Power (AEP) has signed an agreement to sell four competitive power plants totaling approximately 5,200 MW for approximately $2.17 billion to a newly formed joint venture of Blackstone (BX) and ArcLight Capital Partners LLC (ArcLight). The four fossil-fueled power plants are located in the region served by the PJM Interconnection.


"AEP's long-term strategy has been to become a fully regulated, premium energy company focused on investment in infrastructure and the energy innovations that our customers want and need. This transaction advances that strategy and reduces some of the business risks associated with operating competitive generating assets," said AEP's chairman, president and chief executive officer.

AEP expects the sale to close in the first quarter of next year and to net approximately $1.2 billion in cash after taxes, repayment of debt associated with these assets and transaction fees. AEP announced in January 2015 that it was exploring strategic alternatives for these power plants, including a potential sale.

The agreement includes the following energy generating facilities: Lawrenceburg Generating Station (1,186-MW, natural gas-fired facility located in Lawrenceburg, Indiana); Waterford Energy Center (840-MW, natural gas-fired facility located in Waterford, Ohio); Darby Generating Station (507-MW, natural gas-fired facility located in Mount Sterling, Ohio); and the General James M. Gavin Plant (2,665-MW, coal-fired facility located in Cheshire, Ohio).

AEP's chairman, president and chief executive officer stated, "Blackstone and ArcLight are two of the leading private equity funds focused on energy infrastructure, with significant investments and experience owning and operating power generation in North America and Europe. Combined they have owned and operated more than 38,000 megawatts of power generation globally, including operations in the PJM Interconnection, New York ISO and Electric Reliability Council of Texas competitive markets in the United States."
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