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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

Korean Union Members Strike Against Privatization

LCG, March 8, 2002-A thirteen hour talk with Korea Electric Power Corporation (KEPCO) failed to progress as over 5,000 union members continue an illegal strike.

Workers at the South Korean monopoly fear for their jobs as the country prepares for privatizing power. The illegal strike is in its twelfth day, and warrants have been issued for union leaders, although police have made no arrests yet.

Labor Minister Bang Yong-seok said that the government will privatize regardless of strikers and sees "zero possibility to change this policy." KEPCO, having been split into six pieces, plans to sell of all but the sixth part, which leaves nuclear and hydroelectric power to the state.

1,000 temporary workers have been hired, but union leaders refuse to back down. If the government goes through with privatization, the Korean Confederation of Trade Union, consisting of some 600,000 members, says it will join in a sympathy strike.

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