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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 Supply 400 Megawatts to PG&E

LCG, Oct. 18, 200--Calpine Corp. and Pacific Gas & Electric Co. have signed a two-year agreement under which the independent power producer will furnish PG&E with 400 megawatts of firm capacity beginning next July 1.

Calpine said the power would be produced by its Northern California generating facilities, which could include its new 500 megawatt Sutter Energy Center and its Geysers geothermal complex purchased from PG&E.

The contract is possibly the first between an independent power producer and a regulated utility since state regulators dropped the misguided ban against bilateral power supply contracts between California's three investor-owned utilities and merchant power companies.

"Calpine's entering into this agreement with PG&E clearly demonstrates how new merchant plants and open competition can provide Californians relief from high energy prices," said Bill Ross, manager of market development. "Two of Calpine's new energy centers in northern California will be entering production just in time to help alleviate anticipated energy shortages next summer."

The value of the PG&E deal was not disclosed.

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