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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

US Signs Energy Research Agreement with European Union

LCG, March 6, 2003Today EU and US officials agreed to have scientists join efforts in hydrogen and nuclear power research.

Spencer Abraham, the U.S. Secretary of Energy, signed a pact with the European Union in the office of EU Research Commissioner Philippe Busquin.

According to the agreement, researchers studying nuclear fission, nuclear fusion, hydrogen power, and carbon dioxide removal will be able to work together in order to quicken technology development.

While the document says nothing about how much money the EU or U.S. will put toward joint projects, the signing marked a new direction for the Bush administration, which pulled the U.S. out of the Kyoto Protocol in 2001 to broad internatinoal dismay.

Meanwhile the Bush administration has earmarked at least $1.5 billion in funding for hydrogen fuel cell research. Fuel cells are complicated systems in which petroleum or other hydrocarbons undergo a series of reactions, yielding water, carbon dioxide, and energy. Hydrogen, which is too reactive to survive long in elemental form in nature, can also be separated from carbon compounds and stored as gas. When elemental hydrogen reacts with oxygen, it yields energy and water vapor.

The EU and U.S. have both noted interest in turning to a hydrogen-based economy, a somewhat misleading proposition in that, according to the current direction of research, hydrogen will be derived from natural gas, coal or oil. In any case, the signing comes as part of a growing international effort to change the face of power production.

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