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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

California Reserve Decision Disappoints Grid Manager

LCG, Feb. 2, 2004--California utilities will be able to raise the level of power they hold in reserve over the next four years, based on a decision by the California Public Utility Commission.

The decision to require a reserve of 15 to 17 percent in 2008 rather than 2006 was seen by the five commissioners as a way of avoiding the additional costs to consumers of those reserves by setting a deadline that is potentially earlier than when they may be needed for reliability. It was a disappointment to the California Independent System Operator (ISO), and to power generators who could provide the reserve.

According to Jan Smutny-Jones, who heads the Independent Energy Producers Association, "The Commission today basically sowed the seeds for the next energy crisis." A spokeswoman for the ISO, Stephanie McCorkle, told the Sacramento Bee that the plan "is not the type of energy insurance policy that we think California needs." Michael Peevey, the PUC President, asserted that an emergency situation is "quite unlikely, and, if we do our job, it's not going to happen."
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