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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

Greenspan Says Free Markets the Best Energy Policy

LCG, Nov. 14, 2001--Federal Reserve Chairman Alan Greenspan said yesterday that allowing operation of free markets to determine prices, allocate resources and foster development of energy sources would be the best energy policy for the United States.

Greenspan said he believed all current forms of energy, including oil, natural gas, coal and nuclear power, would play major roles in supplying the country's energy needs in coming years, according to the Associated Press.

The Fed chief said it is crucial that political and bureaucratic intervention in energy markets be kept to a minimum so that the correct pricing signals would be sent.

"We must remember that the same price signals that are so critical for balancing energy supply and demand in the short run also signal profit opportunities for long-term supply expansion," Greenspan told an audience at Rice University. "Moreover, they stimulate the research and development that will unlock new approaches to energy production and use that we can now only scarcely envision."

It was the second time this year that Greenspan has devoted a major speech to energy. In both talks, he encouraged development of all sources of energy and increased efforts to promote conservation and renewable energy supplies such as solar power, AP said.

Yesterday, Greenspan said that market forces had dealt effectively with the sharp jump in natural gas prices, home heating oil and gasoline that occurred last winter, and with electric power shortages in California.

He also spoke favorably about the potential for nuclear power, but stressed the importance of addressing "concerns of making plants safe from terrorist attacks" and finding acceptable ways to dispose of spent nuclear fuel from the power plants.

(The accumulation of spent fuel at two Minnesota nuclear power plants has forced their owner, Xcel Energy Inc., to look for sources of replacement power in case the plants have to be shut down. That story is reported on elsewhere in today's EnergyOnline Daily News.)

Greenspan did not comment on the future course of the U.S. economy other than to say that "developments in energy markets will remain central in determining the long-run health of our nation's economy."

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