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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

Construction Begins on 500 MW NYC Plant

LCG, Apr. 19, 2004--Construction of a new 500-megawatt power plant will begin immediately, according to Astoria Energy, an investor group that is undertaking the gas-fired, combined-cycle project in New York City.

The plant will be the largest constructed in the city for the past 25 years, and is expected to be completed by April 2006. The 500 megawatts of capacity is only the first phase of an approved 1,000-megawatt facility. In addition to running on natural gas, the plant will be permitted to switch to fuel oil for as many as 720 hours per year (equivalent to 30 days).

Output of the plant was secured under a 10-year contract signed by the owners with a subsidiary of Consolidated Edison Inc. that provides power and gas to the city.
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