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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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NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

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Industry News

Governor Says State Power Market Not Competitive

LCG, July 28, 2000--In response to power surges in the wholesale price of electricity that short-circuited the utility bills of San Diego householders over the past two months, California Gov. Gray Davis yesterday called on state regulators to ask the Federal Energy Regulatory Commission to rule that California does not have a competitive energy market.

Such a ruling would allow FERC to put a cap on wholesale power prices in California, but it is not a sure bet that they would be lower than the $500 per megawatt-hour cap currently imposed by the California Independent System Operator.

In a Wednesday decision to temporarily limit the price that generators may bid to sell their energy into the New York wholesale market, FERC declared that flaws in that competitive market system warrant a $1,000 per megawatt-hour bid cap through the summer period.

The governor also urged the state Public Utilities Commission, which will take up soaring wholesale electricity prices on August 3, to "take all actions necessary to assure that electricity supplies are adequate and that prices paid by California consumers are just and reasonable."

Earlier this month, Cal-ISO reduced the cap on wholesale electricity prices from $750 to $500, and may again cut the price -- this time to $250 -- when it meets next Tuesday.

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