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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

Enron May Drop Selling Price to $5 Billion

LCG, Nov. 27, 2001--With the investment community casting growing doubt on the future of Dynegy Inc.'s agreement to purchase much larger Enron Corp. for $8.3 billion, Enron may try to keep the deal alive by cutting its price to about $5 billion, the Wall Street Journal reported today.

Under the stock swap agreement reached two weeks ago between Dynegy and Enron, each share of Dynegy would fetch 3.72 shares of Enron. Dynegy closed yesterday on the new York Stock Exchange at $29.25, which would place a value of $7.86 on each Enron share.

However, Enron closed at $4.01, after trading at all time lows during the day.

The Wall Street Journal said renegotiation of the two-week-old deal, and particularly the exchange ratio for the stock swap, is almost unprecedented in corporate transactions.

Clearly something had to give because of an escape clause in the agreement that give Dynegy the option to walk away from the deal if there is a material deterioration in Enron's business or assets. Recent news has painted Enron as a house of cards, burdened by $13 billion in debt and with relatively few hard assets.

Enron also is attempting to head off a liquidity crisis by negotiating to extend the maturity dates of some of its borrowings, the paper said.

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