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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

AES Wants Indian Government to Help it get Paid

LCG, Oct. 24, 2001--AES Corp. of the U.S. has asked the prime minister of India for his help in getting paid for power it has produced for the state of Orissa on India's east coast.

The dispute is an echo of a similar brouhaha on the west coast of the subcontinent, this one between the state of Maharashtra and Enron Corp.

In a letter to Indian Prime Minister Atal Bihari Vajpayee earlier this month, AES President Dennis W. Bakke said the problem in Orissa had prompted his company to have second thoughts about whether to remain in India.

According to the Associated Press, Bakke told the prime minister that his company has faced "expropriation, repeated contract violations, intimidation ... and direct interference with day-to-day management" by the state government and its agencies. The letter also complained about government-run agencies failing to pay 2.1 billion rupees ($44 million U.S.) in bills.

"If the situation faced by AES is not remedied urgently, it will undermine the trust and confidence of foreign investors in India," Bakke wrote. "While AES still remains committed to India as a country it would very much like to serve, our determination to continue is being tested."
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