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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' PR Hitman Quits Without Pay

LCG, July 31, 2001Chris Lehane, one of two spin doctors for former President Clinton who have helped shape California Gov. Gray Davis' response to the state's energy crunch, has cut ties with the administration and won't be paid for work already completed, the Sacramento Bee reported this morning.

Lehane and his partner, Mark Fabiani, were hired by Davis in May on a six-month, $30,000-a-month contract. Fabiani left last month an neither will receive any money for their services, the paper said.

Because Lehane and Fabiani each received at least $10,000 under contract with Southern California Edison Co. in the past year, Lewis Uhler, president of the National Tax Limitation Committee, filed a lawsuit alleging that conflict of interest laws had been violated.

Davis spokesman Steve Maviglio, himself caught in the conflict of interest controversy, said Lehane and Fabiani were instrumental in persuading the Federal Energy Regulatory Commission to limit the wholesale cost of power in the state.

"Chris Lehane provided an invaluable service to the people of California in helping us get action after a yearlong wait from FERC," Maviglio told the Bee. "It's a shame that politics gets in the way of public service."

Uhler, however, said he believes Lehane and Fabiani represent a larger problem in the Davis administration, and he pointed to the recent dismissal of energy traders who held stock in energy companies.

"Doesn't anybody in the Governor's Office understand conflict of interest?" he asked.

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