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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

PG&E Bankruptcy Mediators Appointed

LCG, Feb. 28, 2002--A set of mediators appointed by U.S. Bankruptcy Judge Dennis Montali to bring opposing arguments by Pacific Gas & Electric Co. and the California Public Utilities Commission closer to an understanding were approved by both parties, and by state Attorney General Bill Lockyer, yesterday.

The appointees are Antonio Piazza and Marc Feder, of the San Francisco firm Gregorio, Haldeman and Piazza. PG&E had been resistant to mediation, and has argued against the CPUC's proposed reorganization plan, which competes with its own plan. Montali said that he is now considering both plans, although the CPUC will need to submit a more substantial proposal by April 15. PG&E intends to submit an updated plan March 7.

Under the CPUCs proposal, excess revenue realized by PG&E would be used to pay creditors. At the same time, dividend payments would stop temporarily, and long-term debt would be restructured. PG&E layer James Lopes said the CPUCs proposal was off by about $4.5 billion. The CPUC said fuller disclosure by the utility would have helped it to submit a realistic proposal.

Montali had expressed skepticism several weeks earlier at the possibility that state regulations concerning utilities and environmental restrictions could be trumped by federal law, a key part of PG&Es own proposed restructuring. The plan would shift generating assets and land to PG&Es corporate parent, PGE Corp.
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