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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

Newsmakers

Mark Dempsey has been named West Virginia president for American Electric Power Co. Inc., effective immediately. He succeeds Stuart Solomon, who was named AEP vice president-public policy earlier this year.

Lewis Hay III, currently president of FPL Group Inc.'s independent power production company, will succeed James Broadhead as president and chief executive of the parent company, effective immediately. Broadhead, chief executive since 1989, will remain as chairman through the end of the year.

J. Gordon Hurst, executive vice president of Vectren Corp. and president of its Utility Group has announced his retirement after 39 years with the company and its predecessors. Hurst joined Southern Indiana Gas and Electric Co. in 1966 while still a student at the University of Evansville.

Kristin M. Kamm has joined AGL Resources Inc. as chief information officer. She comes to AGL from BellSouth, where she served as CIO for consumer and interconnect services.

Clyde C. Osterholtz has been assigned by the Nuclear Regulatory Commission as senior resident inspector at the San Onofre Nuclear Generating Station, a nuclear power plant owned by Southern California Edison Co. near San Clemente, Calif. He most recently was resident inspector at the Fort Calhoun Station in Nebraska.

Scott N. Smith has joined American Electric Power Co. Inc. as vice president and chief risk officer. He will be responsible for enterprise-wide risk management, including oversight of commodity, operational, credit, interest rate and currency risk across all business units and functional areas. Smith previously was vice president of risk management for Global Consumer Bank, a divisionof Citigroup.

Glen Thomas has been confirmed as a member of the Pennsylvania Public Utility Commission by the state Senate. He will replace PUC Chairman John M. Quain, whose term expired. Thomas has served as deputy policy director in the Office of Gov. Ridge.

Mario Max Yzaguirre, who recently resigned as president of Enron de Mexico, will become a member of the Public Utility Commission of Texas, filling the vacancy left by Pat Wood III. Wood stepped down to join the Federal Energy Regulatory Commission on an appointment from President Bush.

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