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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

Judge Adds a Week, 3 Firms to California Power Order

LCG, Feb. 9, 2001U.S. District Court Judge Frank Damrell again yesterday extended his restraining order requiring merchant power sales to continue to the California Independent System Operator, but this time he added three firms and said the extension would stay in effect until next Friday.

On Tuesday, Judge Damrell had ordered Reliant Energy Inc. to continue to sell power to Cal-ISO pending a hearing Wednesday. After Wednesday's hearing, he continued the order until another hearing yesterday. Yesterday, he ordered Reliant and three other companies to continue their power sales until February 16.

Added to the order were power producers AES Pacific Inc. and Dynegy Power Co., which were not covered by the original restraining order because they said they would continue to deliver power pending yesterday afternoon's expected ruling, and The Williams Cos. which markets power for AES.

All four companies have said they were willing to sell power to the California Department of Water Resources, but were chary of selling to the ISO for fear of not getting paid.

In his opinion, Judge Damrell wrote "While the precise amount of electricity available from defendants to respond to emergency dispatch orders is uncertain and in dispute, it is nevertheless significant, and its loss poses an imminent threat of blackouts."

"We're pleased that the judge understood the problem," ISO spokesman Patrick Dorinson said, "it could have created a very serious situation for California."

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