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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

ISO New England Submits Generator Incentive Proposal

LCG, Mar. 2, 2004--The Independent System Operator New England (ISO NE) has developed a proposal for review by the Federal Energy Regulatory Commission (FERC) concerning payments to generators to provide them incentives to operate in areas around Boston and Connecticut that are vulnerable to congestion.

The grid operator would like its proposal to be implemented June 1, although FERC may request changes to the plan. The general idea of the incentive system has received the agency's support previously. The chief executive of the ISO, Gordon van Welie, has said that the plan relies in part on market-based payments to generators, instead of negotiated payments entirely. Some plants are operating but losing money, under "reliability must run" orders issued by the ISO.

The attorney general of Massachusetts, Thomas F. Reilly, has expressed skepticism that the amount of incentives are justified. Utility NStar Electric's spokesman Michael Durand was quoted in the Boston Globe as saying the plan, which NStar estimates could lead to a 7 per cent increase rate hike for its customers, "would cost our customers too much money."

According to van Welie, the plan tries to address the problems of siting and past investment decisions that have left some regions with more power than they require, while others are vulnerable to problems of insufficient transmission and higher prices.
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