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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

Heat Returns to Pressure State Power Reserves

LCG, Sept. 18, 2000--The California Independent System Operator was facing another day of thin reserve power supply margins today with a forecast peak demand of nearly 44,000 megawatts, as another heat wave moved in on the state over the weekend.

At dusk yesterday evening, the temperature in Palo Alto was 90, and that was on our front porch.

For today, a heat advisory was issued a 3:30 a.m. for the entire San Francisco and Monterey Bay Areas with highs predicted in the 90s at the beaches and as high as 110 inland. Record highs were expected to continue into tomorrow.

For Los Angeles, highs were predicted from the mid to upper 70s near the coast to the high 80s inland. In San Diego, where high temperatures have meant high electric bills and short tempers, it was expected to be in the 70s near the ocean and in the 90s inland.

California's Central Valley will sizzle this afternoon, with temperatures reaching 107 at Redding in the north and 102 in Bakersfield in the south. At Sacramento, the state capital, highs today were forecast at 105.

Temperatures in all of these places are expected to be two or three degrees higher tomorrow and Cal-ISO is guessing that it will need about 45,000 megawatts to serve peak demand, with nothing in reserve.

At 9:30 a.m. Pacific Time today, Cal-ISO issued a "power watch" bulletin, which it said was the first of several expected this week.

At 11:00 a.m. this morning, it was 84 degrees on our front porch and the sun hadn't hit that side of the house as yet.

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