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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

Northern Italy's Water Shortage Threatens Power Supply

LCG, July 15, 2003--The level of the Po, Italy's largest river, has dropped to the lowest level observed in 100 years, raising the possibility that a second power station, near Venice, could be closed within two weeks.

Both hydropower plants and fossil-fuel plants might have to be shut down, without sufficient water to either power the turbines or provide cooling. June brought high temperatures, increasing the level of demand for power on the electrical system. The strain resulted in power being cut in Rome, Milan and Turin. The situation is serious enough that the national civil protection chief, Guido Bertolaso, indicated that the country might not be able to provide irrigation to farmers as well as power for industry in the northern part of the country. Bertolaso said that sacrifices might have to be made by particular regions or types of industries.

One possible source of water is in the major lakes Como, Maggiore and Garda, which support a tourist industry on the southern slopes of the Alps. Tourist boats would likely be affected by the changed levels of the lakes, and poorer navigability.

A public campaign has begun to encourage water conservation, although if there is no rainfall in the next few weeks, it appears likely that some constituencies will need to go without either water or power, whether voluntarily or not.
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