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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

City of Davis Considers Leaving PG&E for SMUD

LCG, February 4, 2003-City officials of Davis, California are thinking about changing the city's utility from Pacific Gas and Electric Company to the Sacramento Municipal Utility District (SMUD).

Davis, an agricultural city of roughly 65,000, is located 15 miles west of Sacramento and is home to the University of California, Davis, which adds an additional 25,000 in student population.

City officials plan to talk with SMUD directors about the possibility of obtaining service through SMUD, although Davis has received electricity from PG&E for over 100 years.

City officials will likely commission a study regarding a switch and its possible benefits in terms of reliability and retail electricity prices. According to John DiStasio, SMUD assistant general manager for customer service, a study will take between six and nine months.

Several cities in California have looked elsewhere for power services lately; San Francisco has seen increased interest in public power and several initiatives were put forth last year.

PG&E Co. filed for bankruptcy in 2001 after discrepancies between wholesale power prices and retail caps pushed the utility into the red. PG&E is currently in bankruptcy court, awaiting the approval or denial of its plan to divide its assets among four companies, three of which would fall outside of state regulation.

SMUD was created in 1923, but 11 years of fundraising and 12 years of litigation with PG&E over transmission line costs prevented it from becoming an operating utility district until 1946. SMUD is community-owned and delivers electricity to over 530,000 customers in Sacramento County as well as some of Placer County.

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