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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

El Paso Energy Completes Merger With Coastal

LCG, Jan. 30, 2001--El Paso Energy Corp. said yesterday that it completed its $24 billion merger with The Coastal Corp. following Federal Trade Commission clearance for yesterday's announcement. The company says it is now the fourth-largest U.S. energy company.

"This merger is a transforming event for both El Paso Energy and Coastal," said William A. Wise,chairman, president, and chief executive.

As part of the Federal Trade Commission approval of the merger, the company has agreed to divest its ownership in five pipeline systems as well as Coastal's ownership of the Gulfstream natural gaspipeline project.

In addition, subsidiary El Paso Energy Partners will divest certain offshore assets and its 33.92-percent interest in the Nemo gathering project, which is currently under construction.

Coastal shareholders will receive 1.23 shares of El Paso Energy common stock for each share ofCoastal common stock and Class A common stock on a tax-free basis. Coastal's outstandingconvertible preferred stock will be exchanged for El Paso Energy common stock on the same basisas if the preferred stock had been converted into Coastal common stock immediately prior to themerger.

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