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EIA Analysis of Southwest Hydropower Generation Shows Record Lows and Slow Recovery

LCG, November 13, 2026--The U.S. Energy Information Administration (EIA) today issued an "In-Brief Analysis" highlighting the record lows for hydropower generation in the Southwest this summer. The prolonged drought conditions affecting the Colorado River Basin caused record low hydropower generation this summer in the Southwestern electricity supply region, which includes Arizona, New Mexico, and small parts of Nevada and California. Hydropower generation from April through August 2026 was a full 28 percent lower than the 10-year average and 19 percent lower than during the same period last year.

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NRC Issues Construction Permit for Long Mott High-Temperature, Gas-Cooled Reactor in Texas

LCG, November 11, 2026--The Nuclear Regulatory Commission (NRC) announced on November 9 that it has approved the Construction Permit Application ("CPA") for the Long Mott Generating Station in Texas. Long Mott Energy, LLC (LME) must obtain a separate operating license from the NRC before loading fuel or operating the reactors.

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Industry News

Feds Okay CP&L Takeover of Florida Progress

LCG, July 14, 2000--The pending takeover of Florida Progress Corp. by the holding company for Carolina Power & Light Co. has been approved conditionally by the Federal Energy Regulatory Commission and by the Department of Justice and Federal Trade Commission, CP&L Energy Inc. said yesterday.

FERC approved the combination on condition that the companies make a filing by October 15 of their plans to transfer operational control of their transmission facilities to an independent system operator or other regional transmission organization. The transfer would have to be accomplished by December 15 of next year.

In its ruling, FERC said "we find that applicants' proposed merger and mitigation commitments are consistent with the public interest. Accordingly, we will approve the merger without further investigation."

In a separate ruling, the Department of Justice and the Federal Trade Commission found no adverse effects on competition as a result of the acquisition.

William Cavanaugh, CP&L chief executive, said "Both companies are committed to FERC's vision for regional transmission entities, so we are confident we will complete this acquisition on schedule this fall." Cavanaugh will be chairman, president and chief executive of the new company formed by the merger.

The acquisition still must be approved by other federal and state regulatory agencies, including the Securities and Exchange Commission and the North Carolina Utilities Commission and by shareholders of both companies.

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