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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's Skilling Had No Idea Collapse was Coming

LCG, Dec. 26, 2001--Jeff Skilling, the architect of Enron Corp.'s light-on-assets, heavy-on-paper trading strategy, said he had no idea he was leaving a company on the brink of failure when he abruptly quit as chief executive in August, after just six months in the top slot.

Skilling appeared Friday at the Washington D.C. offices of his lawyers, O'Melbeny & Myer, where he was interviewed by representatives of the Houston Chronicle, The New York Times and The Wall Street Journal.

Two months after Skilling left the company, Enron reported massive losses in its third quarter results, beginning one of the fastest nosedives in U.S. corporate history. Skilling said he offered to return without pay to help the company fight the spin-out but the idea was dropped because "the press might not understand and it would add to the confusion."

Skilling said he was stunned by Enron's collapse. "The last two months have been the worst two months of my life," he added.

"We're all trying to figure out what happened," Skilling said. "This is a tragedy. I had no idea the company was in anything but excellent shape."

Skilling said he was completely unaware that Chief Financial Officer Andrew Fastow had an equity stake in certain partnerships with which the company kept a half-billion dollars in debt off its balance sheet. Skilling said the partnerships, which were Fastow's idea, were created to cut down on risk for Enron and its shareholders and not to hide debt or manipulate earnings.

Skilling spoke earlier with SEC investigators, and has talked to staff members of the House Energy and Commerce Committee on Thursday. He declined to elaborate on those conversations.

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