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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

Newsmakers

J. Clifford Baxter has been promoted to vice chairman of Enron Corp. He joined Enron in 1991 and was chairman and CEO of Enron North America prior to being named chief strategyofficer for Enron Corp. in June of this year.

Bryan J. Bertacchi has been promoted to vice president for gas-fired operations of the western region of Calpine Corp. He will have responsibility for 4,300 megawatts of base load capacity in operation, under construction and in announced development in California, Arizona, Oregon and Washington.

Larry Buie has been named general manager for the Chattanooga Gas Co. servicearea of Atlanta Gas Light Co. He will be responsible for managing all distribution service operations throughout Chattanooga's service territory, which includes the cities of Chattanooga, Cleveland, Red Bank, East Ridge, Lookout Mountain, and Signal Mountain.

Stephen J. Curran has joined New England utility holding company Unitil Corp. as controller. He brings with him 21 years' utility accounting experience gained at Bay State Gas Co., where he most recently was controller.

Jacqueline Michalik Frank has been named vice president and chief information officer of NUI Corp., holding company for natural gas utilities serving more than 371,000 customers in six states along the eastern seaboard. Frank most recently was director of strategic planning and portfolio management with Hoffman-La Roche.

Thomas Linquist, most recently a vice-president of Deutsche Genossenschaftsbank's project finance group in New York, has been named assistant vice president for project finance by Peoples Energy Corp.

T.M. Matthews, chairman, president and chief executive of Avista Corp. will leave the company at the end of the year "so that I can spend more time with my family." Vice President Gary G. Ely will act as president and CEO until a permanent replacement for Matthews is found.

Thomas A. Nardi has become president and chief executive officer of Peoples Energy Services, the retail energy marketing subsidiary of Peoples Energy Inc. He joins the company from the utility and energy strategy practice at Andersen Consulting.

Desiree Rogers, vice president for corporate communications with Peoples Energy Corp., will assume the additional responsibilities of chief marketing and communications officer. She will also direct product planning, marketing research and advertising functions for the corporation and itssubsidiaries.

John A. Schuchart has announced that he will retire as chairman and as a director of MDU Resources Group Inc. effective January 12, the 25th anniversary of his employment with the company.

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