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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

Construction Expected for Southern New Mexico Merchant Power Plant

LCG, Jan. 10, 2002--With the issuance of an air quality permit anticipated later this month, construction should commence on an 80-megawatt, natural gas-fired power plant in Lorsdburg, New Mexico.

PNM Resources' subsidiary, Public Service Company of New Mexico reached an agreement with Lordsburg's city council that $60 million worth of industrial revenue bonds will be issued to aid in the financing.

The Lordsburg facility should begin operations in July of this year, when it will sell its output into the wholesale power market. The other, most recent new plant introduced by PNM in November, 2001, is a 135-megawatt plant near Las Cruces, New Mexico, which is now under construction.

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