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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 Energy Traders Trading for UBS

LCG, Feb. 12, 2002--Yesterday marked renewed energy trading by former traders for Enron and associated staff, now working for UBS Warburg Energy.

UBS Warburg AG, the Swiss bank, owns the group, and whereas Enron conducted business through EnronOnline, a new site, UBSWenergy.com, is handling new accounts.

The unit is to be found in Enron's Houston office tower, and is led by Greg Whalley, once Enron president and chief operating officer. The energy trading business accounted for most of Enron's profits before misleading accounting practices led to its stock plunging and a bankruptcy filing in December.

The deal UBS Warburg made to acquire the trading unit last month will give Enron a claim on 33 percent of pre-tax profits for two years. An analyst at Fulcrum Global Partners in New York, Michael Barbis, told the Houston Chronicle, "no one expects them to be what they were. It will be a tougher time for them to get going, is my bet."

In the wake of Enron Corp.'s demise, which led to losses by other traders, some of those who dealt with Enron in the past are so far conducting transactions using the Intercontinental Exchange, owned by a consortium of well-financed energy-trading firms.
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