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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

AEP Announces Agreement to Sell Nearly 5,200 MW of Coal and Gas-fired Generation in PJM

LCG, September 19, 2016--American Electric Power (AEP) has signed an agreement to sell four competitive power plants totaling approximately 5,200 MW for approximately $2.17 billion to a newly formed joint venture of Blackstone (BX) and ArcLight Capital Partners LLC (ArcLight). The four fossil-fueled power plants are located in the region served by the PJM Interconnection.


"AEP's long-term strategy has been to become a fully regulated, premium energy company focused on investment in infrastructure and the energy innovations that our customers want and need. This transaction advances that strategy and reduces some of the business risks associated with operating competitive generating assets," said AEP's chairman, president and chief executive officer.

AEP expects the sale to close in the first quarter of next year and to net approximately $1.2 billion in cash after taxes, repayment of debt associated with these assets and transaction fees. AEP announced in January 2015 that it was exploring strategic alternatives for these power plants, including a potential sale.

The agreement includes the following energy generating facilities: Lawrenceburg Generating Station (1,186-MW, natural gas-fired facility located in Lawrenceburg, Indiana); Waterford Energy Center (840-MW, natural gas-fired facility located in Waterford, Ohio); Darby Generating Station (507-MW, natural gas-fired facility located in Mount Sterling, Ohio); and the General James M. Gavin Plant (2,665-MW, coal-fired facility located in Cheshire, Ohio).

AEP's chairman, president and chief executive officer stated, "Blackstone and ArcLight are two of the leading private equity funds focused on energy infrastructure, with significant investments and experience owning and operating power generation in North America and Europe. Combined they have owned and operated more than 38,000 megawatts of power generation globally, including operations in the PJM Interconnection, New York ISO and Electric Reliability Council of Texas competitive markets in the United States."
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