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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

FERC Caps New York Electric Rates

LCG, June 29, 2001The Federal Energy Regulatory Commission, hoping to avoid California-style price increases, yesterday approved a plan to rein in wholesale power prices in New York State through this summer.

The FERC plan specifies that once wholesale prices rise to a certain level, a cap would be imposed. Utilities or power producers charging more than the cap would have to justify their prices upon review.

The controls, approved unanimously by the five-member commission, would remain in effect through the end of October. "We're going to be diligent in making sure that rates are low," said FERC Chairman Curt Hebert.

The federal agency, a division of the Department of Energy, rejected a request by New York State officials that would allow collection of retroactive damages against power producers who were believed to have inflated prices.

Nevertheless, New York State Attorney General Eliot Spitzer was pleased with FERC's action. "This is a critical step for us as we head into summer," he said.

A group representing the state's non-utility generators said it was disappointed with the plan. "There is no evidence of market power abuses in New York state," said Gavin Donohue, executive director of the Independent Power Producers of New York State. "It sends a bad signal that to do business in New York, you have to play by different rules than other places."

Under FERC's plan, a review would kick in if power prices anywhere in the state rose to $150 per megawatt-hour, or if one or more power producers charged $100 more than the average for a particular region. Currently, wholesale power prices in New York are around $60 per megawatt-hour.

New York Gov. George Pataki hailed the proposal, calling it "an important step toward protecting energy consumers."

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