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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

Avista Pays $2.1 Million to Settle Energy Futures Case

LCG, Aug. 22, 2001--Avista Corp. yesterday agreed to pay $2.1 million to settle, without admitting wrongdoing, charges that the company's power trading unit had manipulated electricity futures contract prices on the New York Mercantile Exchange in 1998.

The U.S. Commodity Futures Trading Commission had brought the case, charging that Avista and two of its traders manipulated prices of futures contracts in electricity for delivery at the California-Oregon Border and the Palo Verde switchyard in Arizona between April and August, 1998.

The two traders, former vice president for trading Thomas Johns and former trader Michael Griswold, agreed to settlement payments of $50,000 and $110,000 respectively. Neither is still an employee of Avista.

The CFTC said that Avista, on four separate and identifiable occasions, bought futures contracts for more than the prevailing price, or sold contracts below the prevailing price, for the two delivery points, thus influencing the settlement price in the direction desired.

"The commission found that Avista Energy and the settling former employees manipulated the prices of NYMEX Palo Verde and COB contracts on four specific dates in 1998 to affect the value ofAvista's over-the-counter options contracts," said Phyllis Cela, acting director of the agency's enforcement division.

Charges are still pending against two other Avista employees and a NYMEX floor broker in connection with the same price manipulation.

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