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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

UK Threatens Tighter Control over Generators

LCG, July 18, 2001Britain's new Minister of Energy, Brian Wilson, says he will "listen carefully" to requests by Callum McCarthy, head of the government's Office of Gas and Electricity Markets, to reintroduce a "good behavior" clause in the operating licenses for power plant owners.

Wilson spent part of last week in California, the world's fifth-ranked economy, just behind that of the United Kingdom, learning first-hand about out-of-control power prices, power shortages, rolling blackouts, and possibly political rhetoric.

McCarthy has said he is concerned that the so-called "new electricity trading arrangements" introduced in March will not prevent power plant owners from market abuse. His good behavior clause was thrown out by the competition earlier this year after objections by the companies owning generating stations.

Wilson pointed out that six years ago California had a surplus of electricity capacity similar to that currently enjoyed by England and Wales, but it vanished seemingly overnight. He does not see that happening in the UK, but does see a need for a balanced portfolio as natural gas-fueled generation makes inroads into an industry dominated by coal.

Gas fired generation, which has risen from virtually nothing 10 years ago to supply more than 30 per cent of the country's power needs, is still growing rapidly. Alarm bells have been triggered by a doubling of wholesale gas prices since 1999, the Financial Times observed this morning.

The expectation that most nuclear power stations will close in the next 20 years worries the minister. He stresses no decision has been taken on replacing nuclear capacity but says: "It would be lemming-like to allow nuclear to fade away without pointing out that we rely on it for 25 per cent of our power."

Possibly the only member of Britain's ruling Labour Party who favors nuclear power plants, Wilson is yet to be convinced that renewable energy generation could completely replace atomic plants, but acknowledges that Britain needs to do much more to boost green power, the Financial Times said.

"If we are going to make a serious stab at renewables there has to be some give and take from environmentalists," he said.

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