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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

Canadian Oil and Gas Firms to Merge

LCG, Jan. 28, 2002--A merger deal has been struck by PanCanadian Energy and Alberta Energy, and the resulting entity, EnCana Corp., will rank among the world's largest independent oil and gas exploration and production companies.

The agreement is worth over C$21.4 billion ($13.3 billion), transacted completely through a stock swap. Alberta Energy investors will receive 1.472 shares of PanCanadian Energy for each share they own. Cost savings relating to exploration and production costs are estimated at C$250 million ($155 million).

EnCana Corp.'s president and CEO will be Gwyn Morgan, who now holds those positions at Alberta Energy, while the company's chairman will be PanCanadian's chairman David O'Brien. O'Brien said in a statement, "we have decided to come together as equals from positions of strength so that we can achieve a stronger future in this highly competitive marketplace."

Based upon proved reserves of natural gas and oil and gas liquids, the overall production target of EnCana will be 2.7 billion cubic feet of natural gas and 255,000 barrels of oil per day.

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