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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

Agreement Reached on Proposed LNG Terminal

LCG, May 21, 2003--A location for a potential liquified natural gas (LNG) terminal has been agreed upon by Mitsubishi Corp.'s Sound Energy Systems (SES) and the Port of Long Beach, which together signed a letter of intent pursuant to building on the site.

If built, the terminal would be capable of supplying about 9 percent of the daily demand for natural gas in California, or 700 million cubic feet. Deliveries would be made by ship, in super-cooled vessels. SES spokesman Tom Giles said he believes the next step will be to apply for approval from the Federal Energy Regulatory Commission.

A slowdown in new production at domestic gas fields and the fact that most new generating units are gas-fired has spurred this and other proposals for the West Coast. The imported gas would be expected to come from Asia, and could not only be used for power production but provide fuel for fleets of LNG-powered vehicles, a unique feature. Discussion are now underway on a possible contract for arranging gas supply to Long Beach Energy, a utility.
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