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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

E·on to Bid $13.5 Billion for Powergen Today

LCG, April 9, 2001Eon, Germany's second-largest utility, this morning said it would offer 5.1 billion ($7.2 billion U.S.) for British utility Powergen. Assumption of almost 4.5 billion in debt pushes the enterprise value placed on Powergen to 9.6 billion ($13.5 billion).

The price, 7.65 per Powergen share, represents an 8.4 premium over the British company's closing price on Friday, but is a 26 percent premium over the share price on January 16, the date Powergen announced it was engaged in negotiations with Eon.

Powergen's acquisition of U.S. utility LG&E Energy last year, the reason for much of its debt, is also in part the reason for Eon's interest. "Our goal is to achieve a leading position in the U.S.," an Eon official said.

The deal is subject to approvals from regulators in the U.S. and Europe. Eon hopes to close the transaction next spring, but left itself free to walk away from the acquisition if clearances are not received by July 2002.

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