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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

California ISO Explains Wholesale Market Proposal

LCG, Feb. 6, 2002--Members of California's Senate Energy Committee heard from ISO officials on a wholesale energy market proposal, which is to be submitted to the Federal Energy Regulatory Commission by March.

Lawmakers want new procedures to be in place by the time wholesale price caps end in September. The hearings brought attention to the difficulty ISO has experienced in including all stakeholders in the rule-making process. A former chief operating officer of the ISO, Kellan Fluckiger, said "it's been pointed out that the ISO, while conducting a stakeholder process, is working in a vacuum."

The hearings focused on what consequences would occur when generators did not respond to emergency dispatch orders, or did not deliver power as scheduled. The ISO has charged such generators who do not provide replacement power on their own for the cost of replacement energy. In the last year, the combination of penalties and replacement power that were obtained "wasn't sufficient," said Fluckiger. The proposal outlined for the committee would enable the ISO to impose fines at hours besides just those when price caps are in effect. Sen. Joe Dunn, D-Santa Ana was skeptical of the effectiveness of the rules, saying he had "no confidence that the ISO will enforce the rules."

The ISO also wants to mandate that utilities procure a 15 percent energy reserve. Furthermore, it would try to shift more power purchase transactions to the day-ahead market, as opposed to the hour-ahead and spot markets, for which the ISO is responsible.
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