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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

Exploding Manholes Disrupt Part of Nation's Capital

LCG, June 14, 2001Morning shoppers in the fashionable Georgetown section of Washington, D.C., were dismayed today, but not surprised, to see at least a half-dozen manholes on M Street, the main street of the upscale area, spewing fire and smoke.

They were not surprised because the same thing happened yesterday and three times in May. In contrast to last month's manhole explosions, the cast iron manhole covers did not fly into the air, but that's not because of decreasing violence within the subterranean chambers.

The old manhole covers were replaced with a new, cutting edge model that is slotted to allow exploding pressures to escape to the atmosphere. The manholes and their contents are owned by Potomac Electric Power Co., or Pepco as the utility is called locally.

At 8:30 PDT today, almost noon in Washington, M Street was closed from Wisconsin Avenue to 28th Street to allow Pepco crews to inspect the cables within the manholes and make needed repairs. The street, a major commute route in and out of the federal district, will be closed throughout this evening's rush hour.

Yesterday, in mid-afternoon, the latest problems became evident when fire and smoke shot from the manholes. Stores and restaurants were evacuated and about 1,500 commercial customers were without power until late in the evening. The same customers are affected by today's problems.

"It's just one disaster after another," Dan Crockett, president of a Georgetown consumers group, told the Washington Post. "It's a frustration for the residents and it's a frustration for the businesses here."

Peter LaPorte, head of the District of Columbia Emergency Management Agency, said "We're all sick and tired of this."

Pepco spokesman Bob Dobkin said "We're trying to do a damage assessment."

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