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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

New York ISO Files to Eliminate Export Charges with New England

The New York ISO (NYISO) filed a proposal yesterday with the Federal Energy Regulatory Commission (FERC) to eliminate the export charges on electricity transactions between the NYISO and ISO New England (ISONE). The NYISO anticipates - subject to FERC approval - that the elimination of the export charges will be implemented by the end of 2004.

The NYISO estimates that the total charges for exports from NYISO to ISONE have been averaging about $10 million annually, while the total charges for exports from ISONE to NYISO have been averaging about $12 million annually.

The elimination of the export charges will improve the economics of inter-ISO transactions and will be another step towards achieving the FERC's regional, competitive market goals previously set forth in its Order 2000 and subsequent Wholesale Power Market Platform issued April 28, 2003. Other areas previously identified for the NYISO to address with respect to the Wholesale Power Market Platform include greater inter-regional coordination and the transmission system planning process.

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