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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

Calpine Adjusts Earnings Statements for Last Three Years

LCG, March 4, 2003San Jose-based Calpine Corporation restated its earnings results for 2000, 2001, and 2002 after changing accountants.

2000 earnings were lowered from $373 million to $369 million. 2001 earnings were lowered from $648 million to $623 million, and 2002 earnings were reduced from $142 million to $119 million.

Calpine does not see any major impact from the changes but has also asked the Securities and Exchange Commission to review two power contracts beginning in 2000 to determine if proper accounting was used.

Last March Calpine switched auditors, dismissing Arthur Andersen LLP for Deloitte & Touche LLP.

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