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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

India's Financial Credibility on the Ropes

LCG, June 4, 2001"There has been a lot of slippage" over the past year in India's efforts to build credibility with foreign investors, according to Moody's Investors Service which has pegged the country's credit at Ba2, two notches below investment grade since mid-1998, but Moody's has no plans to change its positive outlook for the time being.

"We do discuss whether the rating is appropriate given the risks we see and whether the positive outlook is still warranted," Kristin Lindow, Moody's lead India analyst, said Friday, "But as of this moment we have not decided to change that."

Standard & Poor's said last week that it was concerned about the size of India's budget deficit and on Thursday a third credit rating agency, Fitch, lowered its rating outlook on India's sovereign debt from stable to negative, citing deterioration of the nation's foreign investment climate.

India's financial credibility suffers from high combined deficits of the federal and state governments, amounting to about 10 percent of gross domestic product, insufficient budget cutting efforts and problems associated with Enron Corp.'s investment in a huge power project in Maharashtra state.

Enron's Dabhol Power Co. is the single largest foreign investment in India and is in danger of collapse, due to failure of the Maharashtra State Electricity Board to honor contracts signed in the mid-1990s.

"The dispute indicates that India's government may not be willing to live up to its contractualobligations," Lindow said. "As a consequence, this would further deter foreign direct investment fromcoming into the country."

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