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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

NRC Okays Indian Point 3, Fitzpatrick License Transfers

LCG, Nov. 13, 2000--The Nuclear Regulatory Commission said Friday its staff has approved the transfer of the operating licenses for the Indian Point 3 and James A. FitzPatrick nuclear power plants to subsidiaries of Entergy Corp. Both licenses had been held by the Power Authority of the State of New York.

The technical staff's approval becomes effective immediately but, if the commission decides to grant a hearing and rules in favor of any of the petitioners, it could rescind the license transfer approval or modify its terms.

Entergy asked the agency in May to approve the license transfers. Since then, the NRC has received hearing requests from municipalities that purchase power from these utilities, from labor unions, and from a public interest group. Commission review of these requests, which include issues such as decommissioning funding, is pending.

The 965 megawatt Indian Point 3 plant is located in Buchanan, N.Y., about 24 miles north of New York City. Last Thursday, Consolidated Edison Co. of New York agreed to sell the 975 megawatt Indian Point 2 plant at the same site to Entergy, along with the mothballed Indian Point 1. The 780 megawatt James A. FitzPatrick plant is located in the town of Scriba, about eight miles northeast of Oswego, N.Y.

Entergy owns and operates six nuclear reactors at five sites and is also handling the decommissioning of Maine Yankee and Millstone Unit 1.

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