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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

Magnolia Power Plant Approaches Commercial Operations

LCG, June 10, 2005--Six Southern California cities celebrated late last week the completion of the Magnolia Power Plant, a 310-MW, electric generating station located in Burbank, California. Commercial operations of the $234 million plant are scheduled to begin next month.

On behalf of the six participating cities, the Southern California Public Power Authority, a joint powers agency, is serving as the projects owner and financing agent. The generation from the plant will be divided amongst the following cities: Anaheim, Burbank, Glendale, Pasadena, Cerritos, and Colton. Each city will schedule their own power output with Burbank for every hour of every day.

The plant will provide a source of power located near the electric loads of the cities, which will reduce reliance on long-distance transmission lines and susceptibility to transmission congestion.

The new, gas-fired, combined-cycle plant is located on the same site where a power plant was built in 1941. The new plant will use reclaimed water from a wastewater treatment plant for cooling and will have zero liquid discharges from the plant. In base-load operation, the unit will generate 242 MW. With the use of duct firing and steam injection, plant capacity can be increased up to 310 MW to meet peak demands.

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