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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

California Audits Confirm Utilities' Insolvency

LCG, Jan. 30, 2001Independent audits of California's two big electric utilities, ordered by the state Public Utilities Commission which said it doubted the veracity of the companies' own financial officials, confirm that things are just as bad as the regulators were told.

The audit for Southern California Edison Co. was released yesterday and that for Pacific Gas & Electric Co. was expected to follow today.

Undertaken for the PUC by accounting firm KMPG, the audit of SoCal Edison showed that the utility had lost about $4.5 billion purchasing power at market rates and selling it a fixed rates. The audit also answered critics who have complained of transfers of money from SoCal Edison to its parent, Edison International Inc.

In the five years covered by the audit, SoCal Edison had transferred large sums to Edison International, and the parent company had paid out $1.6 billion in shareholder dividends and had spent another $2 billion repurchasing the company's stock. KMPG found nothing unusual about those transactions, noting that they were made when the going was good.

Edison spokesman Steven Conroy said of the audit, "It does certainly highlight what we've been saying about our financial situation."

Phil Trounstine, communications director for California Gov. Gray Davis, said the governor believes the audits support his contention that the state can help the utilities out of their present difficulties without a further rate increase, but didn't say what sort of magic the governor would use.

He'll need some. Twelve days ago, the state began purchasing power for the utilities under emergency legislation that provided $400 million for the purpose. California Department of Water Resources spokesman Mike Sicilia said yesterday that the department had used up the money by Sunday. "We are now operating under the governor's emergency powers," he explained.

Davis has ordered more state money to keep the utilities in electricity, but didn't say how much or how long the state would go on buying short-term power.

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