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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

PSC Approves Plan to Construct Two Nuclear Units in South Carolina

LCG, February 12, 2009--The Public Service Commission (PSC) of South Carolina yesterday voted unanimously to approve the application of South Carolina Electric & Gas Company (SCE&G) to construct two additional nuclear reactors at the V.C. Summer Nuclear Station in South Carolina. The first unit is scheduled to commence operations in 2016, with operations of the second unit following in 2019.

The nuclear expansion project is a joint project between SCE&G, the principal subsidiary of SCANA Corp., and state-operated Santee Cooper. SCE&G will hold a 55 percent share, with Santee Cooper holding the remaining 45 percent. SCE&G will operate the two new, 1,117-MW units.

SCE&G and Santee Cooper jointly own the existing 966-MW V.C. Summer plant, and SCE&G is the plant operator. Commercial operations of the existing facility began in January 1984.

The PSC allowed SCE&G to start implementing a rate increase to cover some of the costs to finance the project, given SCE&G shows that the project is on schedule and that expenditures are within limits set in the Commission?s order. The estimated project cost to build both units, excluding the cost to finance and the cost for transmission upgrades, is $9.8 billion.

In May 2008, Santee Cooper and SCE&G announced a contractual agreement with Westinghouse Electric Company, LLC, and Stone & Webster, a subsidiary of The Shaw Group Inc., for the design and construction of the two units.

Approval from the Nuclear Regulatory Commission (NRC) is necessary before construction can begin, and that decision is not expected until late 2011 or early 2012. Santee Cooper and SCE&G submitted an application with the NRC in March 2008 for a combined construction and operating license (COL).




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