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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

Federal Judge Won't Block SoCal Ed Settlement

LCG, Nov. 12, 2001--U.S. District Judge Ronald Lew on Friday refused to delay a settlement between Southern California Edison Co. and state regulators designed to allow the utility to recover $3.3 billion of its debts and help the utility avoid bankruptcy.

A San Francisco-based consumer "watchdog" organization, The Utility Reform Network (TURN), had asked the court for a stay of the agreement reached between SoCal Ed and the California public utilities Commission.

Judge Lew, who had approved that settlement on October 5, said further delay would risk harming the utility, its creditors, its customers and the general public. He called TURN's arguments "repetitive" and "without merit."

Michael Strumwasser, a TURN lawyer, said "We are not surprised that Judge Lew turned us down given his prior rulings," and promised to pursue a stay in the U.S. 9th Circuit Court of Appeals in San Francisco.

The utility said it was confident that the settlement would not be derailed. "This ruling reaffirms that settlement. We're pleased. It's an important step in the process," said Stephen Pickett, a SoCal Ed attorney.

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