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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

Constellation to Spin Off BG&E

LCG, Oct. 24, 2000--Constellation Energy Group, parent of the Baltimore Gas & Electric Co. utility and of Constellation Enterprises Inc., said yesterday it would spin off BG&E, its retail energy services unit, in a move designed to enhance Constellation's merchant power business.

The move will create two stand-alone, publicly traded energy companies headquartered in Maryland, the company said in a press release. One of them, BG&E, will continue to do business in regional retail energy and energy services and will be chaired by Edward Crooke, who is returning after taking an early retirement as Constellation's vice chairman last January.

"Constellation Energy Group is creating two strategically strong energy companies that will both beheadquartered in Maryland -- each one will be an attractive investment opportunity in the energysector," said Christian H. Poindexter, chairman and chief executive.

Constellation will focus on wholesale power marketing and generating in North America. Its goal will be to establish control over more than 30,000 megawatts of electrical generating capacity by 2005, with the objective of annual earnings growth between 20 and 25 percent.

Goldman Sachs has agreed to take up to a 17.5 percent stake in the merchant energy business after the separation in exchange for $250 million and certain assets related to its power marketing and trading business, and will also help develop Constellation's natural gas trading and marketing operations.

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