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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

Emergency Plan for NY Underwater Cable Sought

LCG, Apr. 21, 2003--An underwater cable that has not been approved as a power transmission link between Connecticut and New York's Long Island needs to be available in case of soaring demand, Sen. Charles Schumer, D-N.Y., has told the U.S. Department of Energy.

The line is in place, but its use has been blocked by a Superior Court judge in Connecticut, due to the fact that in seven locations, the line is not buried sufficiently deeply beneath the floor of the Long Island Sound to receive a permit from the Connecticut Department of Environmental Protection. The line's owner, Cross-Sound Cable Co., said it would bury the line while a modified permit was issued, but the the judge denied the modification.

Schumer and others considering the public Long Island Power Association's supply of power believe the risk to New York and Connecticut in case of high demand is too great not to allow the 330-megawatt cable to be considered for use as part of a backup plan. LIPA's chairman, Richard Kessel, said that "At a time when there is a temendous concern about terrorism, we need to make sure that the electrical system is reliable and there is a backup and redundancy." The cable runs between New Haven and the former site of the Shoreham nuclear power plant on Long Island. Although it was approved by the Department of Energy in case of emergency last summer, it did not operate.
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