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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

Isabel Cuts Power to 5.5 Million

LCG, Sept. 19, 2003--Residents of North Carolina on Thursday sustained the first battering by Hurricane Isabel, which also caused disruption and harm in Virginia, West Virginia, Maryland, New Jersey, Pennsylvania, Delaware, Rhode Island and the nation's capital, with an estimated 5.5 million people losing power through Friday.

The 120-mile-long barrier island chain in North Carolina known as the Outer Banks lost power, as did 1.6 million people in Virginia. It was estimated that power would be restored in Dominion Virginia Power's service territory within a few days. President Bush ordered that federal aid monies be allotted to North Carolina and Virginia.

Winds of over 100 mph struck North Carolina Thursday, but gradually lost speed through Friday, when Isabel, downgraded to a tropical storm, was clocked at about 35 mph. A number of Mid-Atlantic states, which experienced a relatively wet summer, have sustained flooding and resultant water damage. The amount of rainfall varied, with West Virginia recording 5 inches of rain, and Delaware, one to two inches. In Maryland, flooding caused by rain and storm surges along the ocean was called the "No. 1 danger" by Gov. Robert Ehrlich. One-and-a-quarter million residents of the state were calculated to have lost power.

Today, it was reported today by Canadian Broadcast News that 30,000 customers of Hydro One, which distributes electricity to Ontario residents, had lost power due to failed distribution lines. The storm was still pounding the area this afternoon.
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