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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

Calpine Begins Building Another California Plant;On its Way to Owning 12,000 In-state Megawatts

LCG, Aug. 24, 2001--Calpine Corp. said yesterday that is has begun construction on its 750 megawatt Pastoria Energy Center 30 miles south of Bakersfield, Calif. at the southern end of California's Central Valley.

Calpine said the natural gas-fueled, combined-cycle facility will be complete by summer of 2003. As many as 800 workers will build the plant, which will have an operating staff of between 30 and 35 employees.

"Pastoria is the latest in a series of Calpine projects intended to provide near- and long-term solutions to the power crunch in the West," Jake Rudisill, a Calpine senior vice president. "We've achieved several milestones this summer and we are extremely pleased to be able to point to yet another."

Calpine pointed to the commissioning in July of the Sutter Energy Center near Sacramento and the Los Medanos Energy Center as evidence that its projects are bearing fruit. Los Medanos is the first new major power plant built in the San Francisco Bay Area in more than 30 years.

The company said it has 2,400 megawatts of generation on-line in California, 2.030 megawatts under construction and almost 3,300 megawatts under development. Calpine says it will have in operation 12,000 megawatts of generation in California.

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