  We present a quantitative model of the magnetic energy stored and then
released through magnetic reconnection for a flare on 26 Feb 2004. This flare,
well observed by RHESSI and TRACE, shows evidence of non-thermal electrons only
for a brief, early phase. Throughout the main period of energy release there is
a super-hot (T>30 MK) plasma emitting thermal bremsstrahlung atop the flare
loops. Our model describes the heating and compression of such a source by
localized, transient magnetic reconnection. It is a three-dimensional
generalization of the Petschek model whereby Alfven-speed retraction following
reconnection drives supersonic inflows parallel to the field lines, which form
shocks heating, compressing, and confining a loop-top plasma plug. The
confining inflows provide longer life than a freely-expanding or
conductively-cooling plasma of similar size and temperature. Superposition of
successive transient episodes of localized reconnection across a current sheet
produces an apparently persistent, localized source of high-temperature
emission. The temperature of the source decreases smoothly on a time scale
consistent with observations, far longer than the cooling time of a single
plug. Built from a disordered collection of small plugs, the source need not
have the coherent jet-like structure predicted by steady-state reconnection
models. This new model predicts temperatures and emission measure consistent
with the observations of 26 Feb 2004. Furthermore, the total energy released by
the flare is found to be roughly consistent with that predicted by the model.
Only a small fraction of the energy released appears in the super-hot source at
any one time, but roughly a quarter of the flare energy is thermalized by the
reconnection shocks over the course of the flare. All energy is presumed to
ultimately appear in the lower-temperature T<20 MK, post-flare loops.
