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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

SMUD Considers Pumped Storage

LCG, September 4, 2003—Sacramento MunicipalUtility District is considering building a pumped storage plant to supply electricity during peak demandhours.

SMUD may apply for a federal license for pumpedstorage along with a renewal application for its 11dams and eight power plants along the American River.The plant would pump water uphill during times ofoff-peak demand and use the water’s potentialenergy to generate electricity during peak demand.

While pumped storage is, after all, energy-inefficient (since energy is always lost in the process), it can serve as a sort of giant battery togive an energy provider greater flexibility whenpower is produced. Cheap electricity produced at nightcan be stored by using that electricity to pump wateruphill, and then the same water can be allowed to falldownhill and through turbines during peak demand hoursto provide electricity.

The project will require extensive environmentalreview because it will affect fish and wildlife, aswell as recreation. So far, SMUD engineers havecontemplated blasting out a hillside next to theAmerican River in order to construct part of theplant; this underground network would connect to thesummit of Iowa Hill, where a new lake would becreated.

Several government agencies have warned SMUD thatthere is not sufficient time between now and the 2005deadline to fully investigate the project, and SMUD issure to meet opposition from local fisherman,residents, and farmers, who already feel SMUD has toomuch control over the American River’s water.

If the project passes environmental review andmakes it past local opposition, it willtake about four years to construct. The plant isexpected to generate 400 megawatts.

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