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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

Siting of New York City Plant Not Finalized

LCG, Aug. 26, 2003--A power plant that could provide both steam and electricity to New York City and which developer TransGas hopes to build in Greenpoint, Brooklyn, would be better located in an industrial area, according to Michael Bloomberg and some neighborhood groups.

According to a lawyer for TransGas, Sam Laniado, it did not have communications from the city about alternative locations. A spokesman for Mayor Bloomberg, Jordan Barowitz, agrees that New York City needs to address both transmission and generation deficiencies to avert future blackouts. Other blackouts took place in the city in 1999 and 2002.

Bloomberg said that although a power plant has to be built, opposition to siting in residential areas is essentially universal. The city is hoping to have development of the Greenpoint area that would replace old docks and warehouses with housing. Greenpoint, which stretches for about one-and-a-half miles, offers excellent views of the Manhattan skyline, as well as superb transmission access, according to TransGas. Laniado noted that the city would not have final authority in the siting of the plant it plans to build.
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