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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 Wins Bid for $720 Million Qatar Cogen Project

LCG, May 25, 2001--AES Corp. said yesterday it has been awarded a contract by the Persian Gulf sheikdom of Qatar to build the Ras Laffan cogeneration power and water desalination project that will produce 750 megawatts of power and 40 million imperial gallons of water per day.

AES said it will own 55 percent of the project and assume operating responsibility. The remaining 45 percent interest will be held by the Qatar Government-owned Qatar Petroleum and the Qatar Electric and Water Co., along with the Gulf Cooperation Council-owned Gulf Investment Corp.

Output from the plant will be sold to the state-owned electric and water distribution organization, Kahramma, under a long-term agreement. Natural gas to fuel the plant will be provided by Qatar Petroleum, which will also build a facility at Ras Laffan Industrial City for seawater supply.

AES said it will enter into a fixed price, turnkey contract with a consortium of Enel Power and Fisia Italimpianti, both of Italy, to build the power and desalination facility. The company expects the power plant to be fully operational by May 2004, with partial electric deliveries available as early as March 2003.

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