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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

California Energy Commission Approves Calpine's 600-MW Russell City Energy Center

LCG, September 27, 2007--The California Energy Commission (CEC) yesterday approved a 600-MW power plant project, known as the Russell City Energy Center, proposed by Calpine Corporation (Calpine). The natural gas-fired project was proposed back in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold.

Today the project is owned by Calpine and co-investor GE Energy Financial Services, which has a 35 percent interest in the facility. A ten-year, power purchase agreement (PPA) for the full output from the plant is now in place with Pacific Gas and Electric Company (PG&E). Construction is scheduled to start next spring, with commercial operations expected in mid-2010.

The Russell City Energy Center will be built on an 18.8-acre site near the City of Hayward's recycled water treatment facility and will use recycled water.

The project will add a significant quantity of generating capacity to meet the growing demand for electricity in California.




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