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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

CA Governor Favors Settlement with El Paso Corp.

LCG, February 25, 2003Today Californias Governor Gray Davis said he would rather see a settlement than a ruling in a case regarding El Paso Corporations alleged manipulation of pipeline capacity.

The Federal Energy Regulatory Commission (FERC) is expected to issue a ruling by the end of March regarding whether or not the El Paso Corporation was at fault for the high cost of natural gas during the electricity crisis of 2000/2001. El Paso owns and allots natural gas pipeline capacity to those interested in shipping gas. California claims that the corporation limited shipping capacity at 79 percent from a period between November 2000 and March 2001, limiting supply and resulting in $3.3 billion in overcharging. This period showed high natural gas prices and high wholesale electricity prices. Many of the states power plants are fueled by natural gas, so inflated gas prices would have had a serious impact on the price of wholesale electricity during this time.

El Paso insists that it operated lawfully. California and El Paso are currently discussing settlement possibilities, according to Governor Davis.

Davis has, on more than one occasion, asserted his lack of faith in FERC to put forth a fair decision. Simultaneously, he is facing growing, bipartisan criticism in California on a number of issues including energy, and may even be subjected to a ballot measure intended to recall him as governor.

Meanwhile El Paso will sell its Mid-Continent natural gas reserves to Chesapeake Energy Corp. for $500 million and has gained liquidity through a new $1 billion financing deal. El Pasos Southern Natural Gas Co. and ANR Pipeline Co. are also being sold for $400 million and $300 million, respectively. The companys stock jumped by at least 13% this morning.

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