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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

Huaneng to Acquire Shandong for $697 Million

LCG, July 19,2000--Huaneng Power International Inc. and Shandong Huaneng Power Development Co. Ltd. announced jointly yesterday an agreement under which Huaneng will acquire Shandong for 1.34 renminbi per share. In the U.S., American Depositary Receipts representing 50 shares will be paid for at $8.0922.

The cash deal values Shandong at $697 million, and represents a premium of 72.6 percent over the closing price for Shandong ADRs on July 17.

Li Xiaopeng, chairman of Huaneng, said that with the acquisition his company "will furtherconsolidate its position as the largest independent power producer in Asia, with 10,813.5 megawatts of installed capacity and approximately 5,520 megawatts under construction and development."

He pointed out the geographical advantages of the deal, saying "The addition of Shandong's power plants further strengthens Huaneng's portfolio of strategically located assets, allowing us to provide more extensive coverage to China's coastal regions, including Liaoning, Hebei, Shandong, Jiangsu, Fujian and Guangdong provinces, and Shanghai municipality. These regions remain to be the most important and dynamic in the country in terms of economic development."

Yu Xinyang, Shandongs chairman, said "This merger is beneficial to Shandong's shareholders. It allows Shandong's domestic shareholders to cash in their investments. The merger consideration, which is at a premium over Shandong's ADR trading price, will also benefit Shandong's foreign shareholders."

The merger is subject to, among other things, the approvals of the respective shareholders of Huaneng and Shandong and the relevant regulatory bodies in China, as well as compliance with the procedures and filing requirements of the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Ltd.

The companies said they expect to complete the transaction by the end of the year.

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