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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

Another NYC Plant Catches Fire

LCG, July 30, 2002-The transformer at the 1,254 MW Astoria power station, owned by Reliant Resources, caught fire on Monday night at about 11:30.

The second transformer fire in New York City this month initially caused safety systems at the plant to shut down two generating units, although eventually all four units went off line. 5,000 Consolidated Edison customers lost electricity service for a few hours.

Electricity demand is expected to be very high in New York City this week because of high temperatures, and plant operators managed to bring all four units back on line in time for the afternoon's peak demand.

No injuries were reported, and a small amount of oil leaked into the East River.

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