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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

Palo Verde Unit 2 Down for Control Repairs

LCG, Oct. 11, 2001--Arizona Public Service Co. yesterday shut down its 1,270 megawatt Palo Verde Unit 2 nuclear power plant for repairs to its control system, characterizing the shutdown as "unscheduled maintenance."

During a scheduled 35-day refueling shutdown of Unit 3 beginning September 29, operators identified degradation of the control systems. Because Unit 3 is an identical twin of Unit 2, the latter unit was shut down as a preventive measure yesterday.

APS said the work could take up to a month to complete.

"Replacement activities in Units 2 and 3 will not impact the schedule for Unit 3's refueling, which is expected to be complete in early November," APS said.

The control assemblies of 1,270 megawatt Unit 1 at Palo Verde were changed during a refueling outage earlier this year, the company said.

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