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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 Completes SkyGen Energy Purchase

LCG, Oct. 19, 2000--Calpine Corp. said yesterday it had completed the purchase of Northbrook, Ill.-based SkyGen Energy from its founder, Michael Polsky, and from Wisvest Corp., an affiliate of Wisconsin Energy Corp.

The acquisition, which cost Calpine $450 million plus the assumption of debt, will increase Calpine's natural gas-fired, modern power generation fleet by up to 13,500 net megawatts of capacity in key strategic power markets throughout the U.S., including a strong portfolio of cogeneration facilities with long-term power sales agreements.

Calpine also gets 34 General Electric 7 FA gas turbines to power its newly acquired developmentprojects.

Calpine will operate SkyGen as a subsidiary with Polsky as president. Polsky will also join Calpine's board of directors.

As a result of the acquisition Calpine has added to its portfolio three operating facilities, five projects under construction, 10 late-stage development facilities and 16 project development opportunities.

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