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LCG Releases January–March 2026 PJM Congestion Outlook Featuring Fundamentals-Based 3-Month Forecast

LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.

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DOE Selects TVA and Holtec to Rapidly Advance Deployment of Small Modular Reactors

LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.

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Industry News

Carolinas Utilities to Form Regional Transmission Firm

LCG, July 19, 2000--Three electric utilities in the Carolinas announced plans yesterday to set up their own power grid operator in conformance with the Federal Energy Regulatory Commissions intent to have all utilities in the country operating in regional transmission organizations by the end of next year.

CP&L Energy Inc., Duke Energy Corp. and Scana Corp. said jointly that their planned independent regional transmission organization, to be called GridSouth, would operate their power transmission systems according to FERC rules for RTOs. Ultimately, GridSouth could become a profit-making, publicly-held "transco."

Jim Hinton, Dukes senior vice president for electric transmission, said "Duke's vision is for a large regional, independent organization that owns and operates transmission. This is a solid step in that direction."

Hinton said the companies are not proposing to transfer assets to GridSouth at this time, but to transfer operational control. "Some transmission owners might sell their assets to GridSouth and some might not. This model provides us with needed flexibility to get us through the next handful of years," he said.

William B. Timmerman, chief executive of Scana which owns South Carolina Electric & Gas Co., said the RTO would comply with the provision of FERC Order 2000. The three utilities plan to file their proposal with FERC in mid-October.

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