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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

Southern Energy Completes Purchase of Pepco Plants

LCG, Dec. 20, 2000--Southern Energy Inc. said yesterday it has completed its $2.65 billion acquisition of power plants with electric generating capacity totaling 5,154 megawatts fromPotomac Electric Power Co.

"This acquisition, the largest single purchase of assets ever by Southern Energy, is a big step toward meeting our goal of owning or controlling 30,000 megawatts of capacity in the United States by2004," said Marce Fuller, Southern Energy chief executive. "The location of these assets near key energy markets also makes closure of this acquisition exciting."

Southern Energy bought four power plants in the deal: the 837 megawatt Dickerson Station in Montgomery County, Md., the 2,423 megawatt Chalk Point Station in Prince George's County, Md., the 1,412 megawatt Morgantown Station in Charles County, Md., and the 482 megawatt Potomac River Station in Alexandria, Va.

John Derrick, chief executive of Pepco, said closing of the sale "is a significant milestone in Pepco's strategy of transforming the company from a regulated, integrated electric utility into a diversified telecommunications and energy services company, selling and delivering electricity, natural gas, telecommunications and related products in the mid-Atlantic region."

Pepco said part of the proceeds from the sale will be used to retire $525 million of thecompany's outstanding long-term debt. Two hundred million dollars that was borrowed earlier this year to fund a common stock buyback program also will be repaid.

Pepco will also use about $170 million to lower customers' electric bills.

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