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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

NRC Renews License for Dry-Cask Spent Fuel at Surry Station

LCG, March 3, 2005--The Nuclear Regulatory Commission (NRC) has renewed Dominion Generation's license for its dry-cask independent spent fuel storage installation at the Surry nuclear power plant located near Surry, Virginia.

The renewal is exceptional in that it marks the first time that the NRC has renewed a license for a dry-cask spent nuclear fuel storage facility. Furthermore, the 40-year term of the renewal for spent fuel storage facilities represents an exemption from the NRC regulations that specify a 20-year license term. The NRC stated that the exemption is allowed for in that dry casks are an interim storage solution until a more permanent solution is available.

The renewal includes strict terms with respect to inspections and monitoring the aging and integrity of the casks. The current operating licenses for the two reactors extend through 2032 and 2033, respectively.

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