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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

CA Market Post-Memo Investigations Intensify

LCG, May 8, 2002-After yesterday's Enron memo release, regulators and legislators have stepped up efforts to find out exactly what happened to California's energy market in 2000 and 2001.

Yesterday, Federal Energy Regulatory Commission (FERC) released Enron memos linking the California energy crisis of 2000/2001 to intentional market manipulation, including phony congestion and the bypassing of state price caps by selling electricity out of state.

FERC strengthened its efforts, ordering all electricity traders to keep and preserve any existing records relevant to strategy in 2000/2001.

The White House asserted its support of "vigorous" investigation to protect consumers, although specific comment relating to the documents in question was avoided. Previously, during the energy crisis, President Bush and Vice President Dick Cheney refused to help California because the state's problems were, according to them, related to limited supply and not deserving of price caps.

Additionally, the U.S. Securities and Exchange Commission has formalized its investigation of Dynegy Inc., which is involved with deregulated electricity and was a rival to Enron. The company, which posted a $140 million net loss for the first quarter, has agreed to cooperate with securities regulators in their investigation. Dynegy backed out of a $9 billion Enron acquisition last November and has been facing shareholder lawsuits and plummeting stock prices.

U.S. Senator Dianne Feinstein has requested the U.S. Attorney General John Ashcroft to initiate a criminal investigation regarding the released memos.

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