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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

Xcel Faces Nuke Waste Problem as Minnesota Votes Against Storage

LCG, May 16, 2003-Minnesotan legislators voted against Xcel Energy Inc.'s request to store additional radioactive waste on site.

The House decided against Xcel 99 to 33.

The Minnesota senate approved extra radioactive fuel storage at Xcel's nuclear power plant in Red Wing. Prairie Island, a 2 reactor plant, provides 1,076 megawatts capacity. Xcel has said that the plant may face being mothballed by 2007 if radioactive waste cannot be stored on site.

Currently Prairie Island is allowed 17 casks to store waste. The plant is seeking permission to increase the number by 12. The casks are constructed from steel, lead, and concrete and require regular monitoring. Such casks are given 20 year licenses.

Xcel has not given up as yet and insists it will continue to discuss the storage problem with legislators. The company has in past years explored other storage options, including locations in states such as Utah. Prairie Island is the only authorized spent fuel rod storage location in Minnesota.

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