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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

Davis Seizes PG&E's Long-Term Power Contracts

LCG, Feb. 6, 2001California Gov. Gray Davis again used his power of eminent domain yesterday to seize long term power contracts between a state utility and generating companies to prevent their being sold to satisfy the company's debtors.

As he did on Friday when he grabbed contracts belonging to Southern California Edison Co., Davis yesterday seized contracts of Pacific Gas & Electric Co. before they could be liquidated by the California Power Exchange.

The contracts, entered into by SoCal Edison and PG&E in the power exchange's "block forward" market, are for electricity at 6 to 13 cents per kilowatt-hour, EnergyOnline Daily News has learned. This compares with prices of 25 cents to 35 cents per kilowatt-hour the companies have been paying in the spot market.

At a news conference yesterday, Davis told reporters "This will ensure that the price of power is a good deal less than it would be if it went out on the open market. Legislative leaders urged me to take this action and I took it."

Davis said the money to acquire the contracts will come initially from the state's general fund.

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