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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

Bankruptcy Might Not be All Bad for California Utilities

LCG, Jan. 4, 2001Though Robert Glynn Jr., chairman and chief executive of PG&E Corp. says bankruptcy "would be unthinkable," he and others are thinking about it. PG&E Corp.'s utility subsidiary Pacific Gas & Electric Co., along with the Southern California Edison Co. unit of Edison International Inc. were pushed closer to insolvency yesterday when it was proposed that they be allowed a one cent increase in what they charge for a kilowatt-hour of electricity.

Bankruptcy would wipe out the companies' shareholders investments in the utilities. That would please self-appointed consumer watchdogs, but those investments have been two-thirds wiped out already. The unfortunate part of that is many of those shareholders are older, retired people who in the past depended on the reliability of utility dividends as much as the state depends on reliability of electric power.

But bankruptcy filings by the companies in federal bankruptcy courts would provide a venue in which the utilities' pleadings could be scrutinized in the light of the law rather than the heat of populist emotions.

Bankruptcy filing would not put the companies out of business, nor would it cut off power to their customers. Bankruptcy would not interrupt the revenue flow such as it is to either company. What it would do is protect the companies from creditors for a period of time during which a plan is worked out, with court approval, to pay off debts and keep the firms operating.

Creditors would be prevented from seizing assets, which would damage the utilities' ability to continue serving their customers. Would-be litigators would have to wait on the sidelines before filing their class-action lawsuits. In other words, bankruptcy would buy a period of peace for PG&E and SoCal Edison.

Most important, bankruptcy would provide a forum for resolving the problem that drove the companies to that point the $9 billion they have paid for electricity which was delivered to customers who have not paid for it. A member of the Federal Energy Regulatory Commission has predicted how that will turn out.

Last month, FERC commissioner William Massey noted the companies' plight and said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

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