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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

PPL Montana Leery of Mounting California Debt

LCG, Dec. 18, 2000--PPL Montana, the power producing firm formed when PPL Corp. of Pennsylvania purchased the generation assets of Montana Power Co., said Friday it would go on shipping some power to California, but was keeping a close watch on the Golden State's bank balance.

"The primary obligation of PPL Montana is to supply the needs of the customers of the Montana Power Co. under a long-term contract," said Roger Petersen, president of PPL Montana. "We have been operating these plants at full capacity, regularly selling electricity to other electric utilities in the Northwest, and to California entities that can move power directly into that state."

PPL Montana sells electricity not needed in its home state into the wholesale power market of the Western Systems Coordinating Council, which covers the 14 western states. Power sold anywhere into that system can be of benefit to California. But PPL wants to make sure California can pay its bills.

"We have been monitoring the situation in California very carefully and we are doing our part -- within the guidelines of our risk management program -- to provide needed electricity," said LarryDe Simone, president of PPL Energy Plus, the company that markets electricity produced at all ofPPL Corp. power plants.

"At PPL, we have a very disciplined approach to the energy marketing business and that includes managing our exposure to credit risk," De Simone added. "The mounting debt of the California ISO members, and their continuing ability to pay the California ISO for power, is a concern that we have addressed to protect the interests of PPL shareowners."

De Simone acknowledged that his company had received a directive from the U.S. Department of Energy to continue to sell power to California purchasers. "While we still have significant concernsabout the creditworthiness of the California ISO, we will comply with the DOE order to supply thatmarket directly, after we have met our firm contractual obligations to Montana Power and to otherparties in the Western Systems Coordinating Council," he said.

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