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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

Chinese Government to Break Up Power Company

LCG, Feb. 4, 2002--A plan issued by China's Politburo will result in a major restructuring of the State Power Corporation, separating its transmission grid and electric generation operations between independent companies.

The influence of the State Power Corporation will continue in a lesser form through its majority ownership of two transmission grid companies and at least three of four generation companies. Southern Power will operate the grid in the southern regions, while its counterpart, State Power Grid, will assume control in other areas.

Two of the generating companies, Beijing Datang Power Generation and Huaneng Power International, already have between 5 and 10 gigawatts of generating assets each, but will acquire more from State Power Corp. The other two, SP Power Generation and Guohua Power Generation, will have politically powerful connections - Li Xiaopeng, son of the second-ranking Communist party leader Li Peng, and the State Development Planning Commission, respectively.

Competition among generators will increase under the new arrangements, although the plan does not fully detail the role of State Power Corp., which is likely to direct some aspects of the market. By 2003, when new market arrangements will be in place, the government hopes that the new companies will have purchased most of the countrys independent, locally owned generators.
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