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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

NRC Calls Con Edison on Carpet over Indian Point 2

LCG, Sept. 6, 2000The Nuclear Regulatory commission said yesterday that two of its top officials will meet with senior managers of the Indian Point 2 nuclear power plant on September 11 in an attempt to cut through a haze of confusing reports from the pant owner.

Hubert J. Miller, the NRC's Region I administrator, and Roy Zimmerman, deputy director of the agency's Office of Nuclear Reactor Regulation, will meet with Consolidated Edison Co. of New York managers to "try to gain a better understanding of Consolidated Edison's assessments of performance issue, actions taken to address them and performance measures being used to monitor progress," the NRC said.

A year ago, Indian Point 2 suffered a shutdown with electrical system complications. On February 15 of this year, the plant gasped a puff of radioactive steam into the atmosphere and shut down when a steam generator tube sprang a leak. In May, the NRC decided the plant required "agency focus," which it defines as "heightened scrutiny."

The NRC is clearly not satisfied with the numerous reports sent in by Con Edison and wants to get to the bottom of things before any nuclear reactions are contemplated at the Buchanan, N.Y., facility.

The agency said Indian Point 2's recent problems "illustrated a number of longstanding performance issues, such as engineering support shortcomings, equipment reliability problems and large corrective action backlogs."

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