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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

Mirant (Southern Energy) to Buy Jamaican Power Utility

LCG, Feb. 7, 2001Atlanta-based Mirant, the former Southern Energy Inc. and still a subsidiary of The Southern Co., will pay the Jamaican government $201 million for an 80 percent interest in Jamaica Public Service Co., the country's principal electric utility.

Mirant will place six directors on the company's nine-member board. The Jamaican government will retain a 20 percent stake in the firm and be represented on the board by three directors.

Prime Minister P. J. Patterson told the Jamaican parliament yesterday that Mirant was selected over two other U.S. bidders, Duke Energy Corp. and Reliant Energy Inc. "Only Southern indicated a willingness to acquire the Company as an integrated operation transmission, distribution and generation," Patterson said, adding that Duke and Reliant were interested only in the company's generation operations.

Patterson said the power situation in California spurred negotiations, calling the Golden State's problems "a real wake-up call for the rest of the world and a clear indication of where Jamaica could head if we fail to put JPS on a stable and financially sound footing."

The prime minister said Southern planned to invest an additional $500 million in JPS, mostly in new generation, over the next 10 years. The sale is expected to close by the end of next month, he added.

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