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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

Calpine to Acquire Canadian Gas Producer

LCG, Oct. 17, 2000Calpine Corp. said yesterday it would pay $3.20 (Canadian) per share for all of the outstanding stock of Calgary-based oil and gas company TriGas Exploration Inc. in a deal already approved by officers and directors of the two companies.

The $103 million (U.S.) cash transaction will give Calpine assets that currently produce about 30 million cubic feet of natural gas equivalent per day with additional gas volumes waiting to be tied in. Calpine said the reserves, which are substantially all natural gas and associated gas liquids, represent a significant strategic asset.

Almost all of TriGas' operations are located an area of Alberta 30 miles north of Calgary and close to Calpine's planned 250 megawatt Calgary Energy Center, a combined-cycle, natural gas power generation facility expected to be operational by December 2002.

Calpine said the acquisition will give it natural gas reserves to fuel its Calgary facility and a 26percent interest in the East Crossfield Gas Plant.

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