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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

US to Employ Soviet Nuclear Scientists in Kazakhstan

LCG, Jan. 31, 2002--Hundreds of former Soviet scientists and engineers are expected to process uranium concentrates at a defunct Soviet weapons plant in Kazakhstan.

The U.S. government hopes that the project will lower the possibility of the Soviets' finding employment in "rogue nations." The Ulba Metallurgical Plant in Oskemen will receive shipments of concentrates from a U.S. company, Global Nuclear Fuel, LLC, which is a joint venture of General Electric Co., Hitachi Ltd., and Toshiba Corp. Additional funding above the initial $3 million will come from the U.S. Energy department, which will provide $1.2 million.

Low-enriched uranium will be obtained through a patented process, and then shipped to North Carolina, where the uranium will be made into nuclear fuel rods for U.S. plants.

U.S. Energy Secretary Spencer Abraham announced at a news conference that the project will "become a reliable source for U.S. fuel production and will play an important new part in our global nonproliferation efforts." Kazakhstan is a former Soviet republic that became independent in 1991.
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