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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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NTT DATA Announces 900 MW of Onsite Power Agreement with Bloom Energy Across Multiple Data Center Projects

LCG, November 5, 2026--NTT DATA, an AI, digital business and technology services company, today announced an agreement with Bloom Energy to deploy 900 MW of Bloom Energy's fuel cell technology to power multiple data center projects around the world. The agreement is Bloom Energy's largest international project to date.

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Industry News

California Utilities Want Electric Rates Boosted 26% to 30%

LCG, Dec. 28, 2000California's two largest electric utilities told state regulators yesterday that lights might go out over much of the state unless the rate freeze imposed by deregulation is lifted and they are allowed whopping increases in what they charge their retail customers for power.

Pacific Gas & Electric Co. asked for approval of a 26 percent rate increase. Southern California Edison Co., asking for a 30 percent increase, said that wouldn't even allow the company to break even. SoCal Edison said it would need an 82 percent rate increase to do that.

Since early this year, the two utilities have been selling power at rates frozen by the California electric restructuring law at 10 percent below 1997 retail rates. At the same time, the companies have been paying for wholesale power at prices up to 30 times higher than what was expected when the law was passed in 1996.

Blame it on supply and demand. Californians and there are more of them every day have been increasing their demand for power at record rates, and no new sources for power have been developed since the 1980s.

The California Public Utilities Commission has recognized that "rates must rise" and is meeting with the utilities yesterday and today to find out how small an increase they are able to accept without going out of business. The regulators say they will issue a decision a week from today.

At yesterday's meeting, PG&E lawyer Roger Peters told the commissioners "We are out of credit and we are close to being out of cash. People will not lend us money to buy power. You need to understand that."

SoCal Edison on Tuesday sued the Federal Energy Regulatory Commission in U.S. District Court, in a move to allow it to charge cost-based rate for retail electricity. That action, placing the ball in a federal court, could have far-reaching results.

On December 15, FERC commissioner William Massey noted the companies' plight and said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

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