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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

FERC Holds Public Briefing on Standard Market Design

LCG, August 20, 2002-The Federal Energy Regulatory Commission has begun discussing its U.S. standard market design plan with energy industry officials.

The plan was first released July 31, and yesterday saw FERC's first briefing. Additional public briefings will be held in Boise, Idaho on August 22, St. Louis, Missouri on August 28, and Carmel, Indiana on September 19.

According to FERC, the purpose of standardizing the market is to apply uniform market rules to lower costs for consumers, allow infrastructure investment, and prevent discrimination and manipulation in the market.

Proposed measures include mandating twelve percent surplus energy to be available within three years. Also included are a price cap of $1,000 per megawatt hour as well as an allowance of wholesale price caps if manipulation is found to have driven up prices.

According to the FERC plan, regional transmission authorities, or Independent System Operators, would also have advisory units to check for market abuse.

Perhaps the most controversial proposal is the common network tariff, which would be applied to all wholesale and retail electricity transmission. State regulators normally control tariffs and would have to yield this power to the federal commission.

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