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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

Mass. Electric Requests Cut in Default Service Rates

LCG, Sept. 19, 2001--Massachusetts Electric Co. said yesterday it has filed a request with the Massachusetts Department of Telecommunications and Energy to cut its standard offer service rate to reflect the current lower cost of power it purchases on behalf of its customers on Default Service.

About a quarter of the utility's 1.2 million customers receive Default Service.

The reduction would be more than 2 cents per kilowatt-hour on the fixed price Default Service portion of residential customers' electric bills, effective November 1. If approved, the typical residential customer on fixed price Default Service using 500 kilowatt-hours of electricity per month will see a 15.2 percent, or $11.48, reduction in the overall monthly bill, the company said.

At present, the fixed price Default Service rate for residential customers is 9.213 cents per kilowatt-hour. A typical residential customer using 500 kilowatt-hours per month now pays about $75.60. The proposed fixed price Default Service rate for residential customers is 6.917 cents per kilowatt-hour. A typical residential customer's bill under the proposed reduced rate would be $64.12 per month.

"We are pleased that lower wholesale market prices allow us to reduce rates to our customers on Default Service beginning November 1. We are also hopeful that more market choices will be available for customers as we go forward and the power markets develop further," said Cheryl LaFleur, president and chief executive officer of the utility.

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