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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

El Paso Corp. Settles for $20 Million over Reported Trades

LCG, March 27, 2003After a federal investigation, the electricity trading subsidiary of El Paso Corporation has agreed to pay $20 million.

El Paso Corp.s Merchant Energy will pay $10 million now and $10 million over a three years, according to the settlement made with the Commodity Futures Trading Commission. However, the corporation continues to deny that it participated in illegal activities.

El Paso first allegedly discovered the reporting of a false trade in November of last year. Later, the company announced finding several additional false or inaccurate price reports but also noted those responsible were no longer employed with the company.

Other corporations have faced scrutiny for similar manipulative reporting allegations. Dynegy settled for $5 million in December over allegations that its traders had reported inaccurately. Williams Cos., CMS Energy, and American Electric Power Co. have also reported finding fake trades during internal investigations.

El Paso Corporation is the countrys largest natural gas company. Its trading unit Merchant Energy is slated to be shut down as the company is reorganizing and selling off some of its assets.

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