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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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NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

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Industry News

Washington State Utilities Hope for Refunds Based on Enron Memos

LCG, May 14, 2002--The trading strategies used by Enron's Western traders and the associated discussion in Dec. 2000 legal memos form the basis for a planned legal brief by Washington utilities seeking refunds for expensive power purchases.

Seattle City Light and Tacoma Public Utilities will seek to recover $348 million paid for short-term power purchases from Enron and other power marketers. The utilities will again argue before an administrative law that the sales did not represent "just and reasonable" criteria enforceable by the Federal Energy Regulatory Commission (FERC). Their arguments were rejected last fall, but may be seen in a different light since Enron's corporate attorneys' description of methods by which the company gamed the market in late 2000 and early 2001 have come into focus.

Perhaps ironically, the FERC has sent letters to Seattle City Light among other public utilities as well as large traders, in order to determine whether their trading activities were designed to take advantage of the situation in California, where flexible price caps were placed on in-state generation. If refunds are found to be justified, the recovery of actual funds may be very difficult, due to the number of creditors interested in Enron's bankruptcy proceedings. For the moment, Seattle City Light's rate increases following the power market crisis of the past year amount to 60 percent.

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