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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

Peabody Energy Receives Air Permit for New Coal Plant

LCG, January 19, 2005--The Illinois Environmental Protection Agency (IEPA) issued an air pollution permit to Peabody Energy for its proposed coal-fired, Prairie State Energy Campus and adjacent coal mine located in Washington County, Illinois. The permit was issued following what a Peabody spokesperson described as a three-year period that included rigorous environmental review, public comment and extensive community input. Opponents may appeal the IEPA decision in the next 30 days.

The project is one of two, similar coal projects that Peabody Energy is currently developing in the Midwest. The proposed Prairie State Energy Campus will consist of a 1,500 MW, coal-fired generating station that is estimated to cost $2 billion, including approximately $500 million for emission control equipment to allow for the use of local, high-sulfur coal. Peabody could commence construction as early as the end of 2005, with operations beginning about four years thereafter.

A key hurdle for Peabody to overcome is developing partners and energy sales agreements. Last July, a number of Midwest rural electric cooperatives and municipal agencies, including Indiana Municipal Power Agency, the Missouri Joint Municipal Electric Utility Commission, and Wolverine Power Supply Cooperative in Michigan, executed a letter of intent with Peabody Energy to acquire partial interest in the Prairie State Energy Campus. The agreement called for the group to own about one-third of the project, which including coal reserves, the generating plant and output.

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