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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

NRG Sees No Legal Justification for FERC Ruling

LCG, July 25, 2003--A ruling by the Federal Energy Regulatory Commission that required NRG Energy to continue honoring a contract with Connecticut Light & Power seems to give insufficient recognition to other outstanding claims of the company as it attempts to restructure in bankruptcy, the company's lawyers told the agency.

FERC this week said that an explanation should be given for how the generating units would continue to operate if the company's bankruptcy led to its assets being liquidated. NRG stated in a letter that "the continued operation of NRG's generating assets, including those located in the Northeast, is among the highest corporate priorities," and that it is in continued communication with the Connecticut attorney general and CL&P. The attorneys questioned the requirement that an assurance that the units would continue to run, regardless of liquidation, should be provided.

At the same time, citing the danger that liquidation would be forced upon it, NRG said it had "an obligation to itself and its creditors to exhaust every possibility to shed the (CL&P contract) in accordance with the Bankruptcy Code." According to the company, it is losing $500,000 per day because of the costly contract.
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