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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

Duke Offers San Diego Low-Priced Long-Term Power

LCG, Nov. 28, 2000--Duke Energy Corp. said yesterday it had proposed to manage San Diego Gas & Electric's Co.'s 3,300-megawatt electricity load at a fixed price of 6 cents per kilowatt-hour for the next five years, a half-cent under the price everyone in San Diego seems to want.

Duke said its proposal, made through its Duke Energy North America (Dena) business unit, takes into account SDG&E's seasonal and hourly load requirements and has a 3-percent annual adjustment for inflation. It was included in comments Dena submitted to the Federal Energy Regulatory Commission last week in response to the commission's proposed remedies for California's electricity market.

"The 3,300 megawatts represent the full electricity load SDG&E needs to serve its retail customer base during the hottest summer day," said Jeff Stokes, Dena executive vice president for the western region.

Bill Hall, Dena vice president of asset management for the Western region. "The competitive wholesale electricity markets did not cause this electricity crisis; but with patience, wisdom and bold behavior by all market participants, we can fix the crisis and not burden the state's electricity ratepayers or taxpayers."

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