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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

Newsmakers

Constellation Energy Group Announces Board Changes

Constellation Energy Group Inc. has announced the election of two new directors and that five will retire, having reached normal retirement age.

The new directors are:

  • Edward J. Kelly III, president and chief executive of Mercantile Bankshares Corp. and former managing director and head of the global financial institutions group for J. P. Morgan Chase & Co., has been elected a director.

  • Robert J. Lawless, chairman, president and chief executive of McCormick & Co. Inc. and a 25-year veteran of that firm, has also become a Constellation director.

Those retiring from the board are:

  • H. Furlong Baldwin, chairman of Mercantile Bankshares Corp.

  • J. Owen Cole, retired chairmen and chief executive of First National Bank of Maryland.

  • Dan A. Colussy, chairman of Iridium Satellite LLC.

  • Jerome W. Geckle, retired chairman and chief executive of PHH Corp.

  • George L. Russell Jr., currently associated with the law offices of Peter G. Angelos.

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