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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

Nevada Power Receives Green Light for Moapa Power Plant

LCG, September 21, 2004--The Public Utilities Commission of Nevada (PUCN) issued its final order allowing Nevada Power Company, a wholly owned utility of Sierra Pacific Resources, to proceed with the purchase of the partially completed Moapa Power Plant from Duke Energy Corporation. The total cost of the Project is estimated at $558 million, including the $182 million payment to Duke.

The Moapa Project is located about 20 miles northeast of Las Vegas in the Moapa Valley. The natural gas-fired project consists of two, 600 MW combined cycle plants and will be connected to the Kern River Pipeline. The plant is roughly 50% complete, with the gas and steam units already set on their foundations.

This summer, Nevada Power filed an amended Integrated Resource Plan (IRP) with the PUCN to incorporate the Moapa Project and requested a 15.25 percent return on equity - well above the 10.25 percent allowable rate of return set earlier this year by the PUCN. In the final order issued September 17, the PUCN deemed the plant a "critical facility" and provided Nevada Power an additional 2 percent return on equity on construction costs. Furthermore, an additional 1 percent incentive for timely completion of the plant was approved. Specifically, the plant's two units are to be on line by March 31, 2006, and June 30, 2006.

The order also includes a requirement for Nevada Power to include a green power pricing tariff in its 2005 general rate case that would allow customers to pay for power generated through renewable energy resources. Nevada Power was recently granted a waiver after failing to meet Nevada's renewable energy standards this year.

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