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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

CPUC Has Alternative PG&E Reorganization Plan

LCG, Jan. 9, 2002--PG&E, which has been promoting its reorganization plan in bankruptcy court, now has to contend with a reorganization plan for the utility proposed by the California Public Utilities Commission, the state agency which sets utility rates and oversees states utilities.

Last April, the utility filed for bankruptcy protection in response to its overwhelming debt load and soaring wholesale power prices.

According to the CPUC, if PG&E transfers its generation and transmission assets to its parent company, out of the purview of CPUC regulation, the result could be years of litigation. CPUC hopes that its motion in the PG&E bankruptcy case will come under consideration. Currently, only PG&Es proposal can be considered in the courts. This restriction on other restructuring plans is set to expire Feb. 4, subject to the discretion of Bankruptcy judge Dennis Montali.

The CPUC called PG&Es plan an attempt to "prevent the CPUC from having a meaningful voice" in restructuring. Its plan would pay off the companys short-term debts in their entirety, restoring PG&Es credit rating and financial standing. The CPUC said it would allow PG&E a reasonable rate of return under its rate structure, which could actually drop in 2003.

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