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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

AES First Choice for Oman Private Power Plant

LCG, Nov. 13, 2000--AES Corp. has emerged as the preferred company from four-way bidding to build, own and operate a 400 megawatt private power plant in the Persian Gulf sultanate of Oman, a government official said yesterday.

If talks with AES fail to produce an agreement to build the plant, which is to include a 20 million per day water desalination plant, the government would talk to the second preferred bidder, Britain's International Power, recently created in the breakup of National Power.

Two other offers fell short in the bidding for the $455 million project. They were submitted by Oman's Al Hassan Engineering and a venture between Belgium's Tractebel and TotalFinaElf.

The official said talks with AES had already begun. "We will conclude the negotiations with AES this week and expect to award the contract next month," he said.

Once negotiations for the power-desalination plant are settled, bids will be invited for water and power transmission systems and a dispatch center. These "infrastructure" items are expected to cost between $100 million and $180 million.

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