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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

Progress and Southern Close Another Deal

LCG, October 4, 2006--Progress Energy announced yesterday that the
Georgia Public Service Commission certified Progress Energy's power
purchase agreements (PPAs) to sell 1,039 MW of peaking resources in three tolling contracts to Georgia Power, a subsidiary of Southern Company.

The three PPAs have 15-year terms, beginning June 1, 2009, and are associated with existing electric generating stations located in Georgia. The three stations are comprised of gas-fired, combustion turbine units. Following a lengthy RFP process, the PPAs were executed by Progress Ventures subsidiaries Washington County Power, LLC (302 MW), Walton County
Power, LLC (436 MW) and MPC Generating, LLC (301 MW).

Progress Energy stated that the new tolling agreements are part of its strategy to reduce its risk profile and that the agreements will produce more than $500 million in revenue over the term of the contracts.

The PPAs expand the transactions between Progress Energy and Southern Company. In July, Southern announced that it executed a long-term PPA with Progress Ventures that calls for Southern to provide approximately 621 MW of wholesale electricity to Progress Ventures from 2009 through 2015. For this PPA, the electricity is to be generated by a new, combined-cycle power unit to be built at Plant Franklin, located in Smiths, Alabama. Plant Franklin is owned by Southern's unregulated subsidiary, Southern Power.

In September, Southern Company announced that it has closed on the purchase from Progress Energy of the Rowan County Energy Complex in North Carolina. The gas-fired, electric generating station has a total generating capacity of 925 MW. Earlier this year, Southern Company closed on the purchase of the DeSoto County Energy Complex in Florida, which includes two 160-MW gas-fired units, from Progress Energy.
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