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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

PG&E Wants Customers to Cover Rate Shortfall

LCG, Aug. 7, 2001--Pacific Gas & Electric Co. returned to court yesterday, seeking to recovery from its retail customers the cost of supplying them with electricity at artificially low rates mandated by California's failed electric deregulation law.

PG&E estimates that it spent about $9 billion more for wholesale power than it was able to charge, and it wants the federal district court in San Francisco to rule that the lower rates it was forced to charge between June of last year and January of this year were unconstitutional and unenforceable because they prevent the utility from recovering its entire wholesale power purchase costs.

The company also says in its suit that state law, as interpreted by the California Public Utilities Commission, is unconstitutional and unenforceable insofar as it produces a confiscatory result and fails to provide just compensation for the taking of private property for public use.

PG&E's lawsuit follows an earlier filing in May which a judge dismissed "without prejudice" because it was brought before CPUC rate rulings were final.

In its filing, the utility notes that a significant amount of theundercollected power costs was for electricity which state law mandated the California IndependentSystem Operator purchase and pass on to the utility in order to maintain electric system reliability,literally "to keep the lights on."

Cal-ISO was unrestrained in its efforts, purchasing power at the highest price possible and sending the bill to PG&E.

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