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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

NY Contingency Plan for Nuclear Reactor Closures Advances

LCG, February 6, 2013--Consolidated Edison, Inc. and the New York Power Authority (NYPA) filed with the Public Service Commission (PSC) on February 1 to seek regulatory approval to issue a solicitation for resources to replace the Indian Point nuclear power plant should it be retired.

The proposal from the companies includes three transmission projects (NY Transco projects) and a Request for Proposals (RFP) process initiated by NYPA to consider generation and/or transmission alternatives. The PSC would lead the RFP assessment, with definitive plans to be presented to the PSC for approval by September 2013.

The need for the new resources is driven by the Governor's Energy Highway, a Blueprint for New York that was released last fall. The Blueprint calls for a contingency plan to provide for the closure of the 2,063-MW Indian Point Power Plant. Furthermore, last November the PSC directed Consolidated Edison to develop with NYPA a contingency plan for the closure of the facility. NYPA is a state-owned generator that supplies power to government customers in New York City, and Consolidated Edison is an investor-owned energy company.

The Governor of New York has expressed his desire to close the nuclear reactors, located about 40 miles north of Manhattan along the Hudson River, when the operating licenses expire in September 2013 and December 2015. The governor has stated that even the most unlikely possibility of an accident is too much in the heavily populated area.

The owner of Indian Point, Entergy, claims the reactors are safe and filed with the Nuclear Regulatory Commission (NRC) in 2007 to renew the Indian Point operating licenses for a 20-year extension.
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