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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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NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

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Industry News

PG&E Bankruptcy Mediators Appointed

LCG, Feb. 28, 2002--A set of mediators appointed by U.S. Bankruptcy Judge Dennis Montali to bring opposing arguments by Pacific Gas & Electric Co. and the California Public Utilities Commission closer to an understanding were approved by both parties, and by state Attorney General Bill Lockyer, yesterday.

The appointees are Antonio Piazza and Marc Feder, of the San Francisco firm Gregorio, Haldeman and Piazza. PG&E had been resistant to mediation, and has argued against the CPUC's proposed reorganization plan, which competes with its own plan. Montali said that he is now considering both plans, although the CPUC will need to submit a more substantial proposal by April 15. PG&E intends to submit an updated plan March 7.

Under the CPUCs proposal, excess revenue realized by PG&E would be used to pay creditors. At the same time, dividend payments would stop temporarily, and long-term debt would be restructured. PG&E layer James Lopes said the CPUCs proposal was off by about $4.5 billion. The CPUC said fuller disclosure by the utility would have helped it to submit a realistic proposal.

Montali had expressed skepticism several weeks earlier at the possibility that state regulations concerning utilities and environmental restrictions could be trumped by federal law, a key part of PG&Es own proposed restructuring. The plan would shift generating assets and land to PG&Es corporate parent, PGE Corp.
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