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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

FirstEnergy Reports to NRC on Ohio Reactor Safety

LCG, August 16, 2002--FirstEnergy, the owner of the Davis-Besse nuclear plant in Ohio, presented a report to the Nuclear Regulatory Commission yesterday on the management reasons for the reactor's lid becoming corroded.

The report's authors, which included company officials and external consultants, concluded that monetary incentives to management connected with plant output had caused regulatory procedures to be followed less stringently than would otherwise have been the case. A FirstEnergy spokesman, Richard wilkins, said there had been no finding that information had been deliberately witheld from regulators.

The NRC's Office of Investigations is currently working to verify that no violations of the law took place. The report said that boric acid inspections failed to detect a hole in the reactor lid in part because "personnel failed to correctly apply key industry information and plant knowleddge about the potential harmful effects of boric acid." New training programs are being instated.

Outside the scope of the current investigation concerning disclosure of information, NRC officials met with company officials privately to indicate where possible violations of regulations may be found. The current cost to the company, as a new vessel lid is installed and the reactor remains off line, is estimated at $200 million.
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