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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

Duke Starts Emission Control Upgrade Project at Belews Creek Steam Station

LCG, May 25, 2005--Duke Power Company, the regulated utility owned by Duke Energy Corp., initiated construction last week to add scrubbers that will reduce sulfur dioxide (SO2) emissions at its Belews Creek Steam Station. The station is the largest coal-fired power plant in North Carolina and one of the ten largest coal plants in the country.

Duke is scheduled to complete the flue gas desulfurization (FGD) project, with an estimated cost of $500 million, in 2008. The new equipment is expected to reduce SO2 emissions by up to 95 percent, with significant reductions in mercury emissions as well. Early last year, Duke completed the installation of a $450 million project at Belews Creek designed to reduce nitrogen-oxide (NOx) emissions by as much as 85 percent.

In addition to upgrading existing plants, Duke Power is active in planning new capacity. Earlier this month, Duke Power filed plans with the North Carolina Utilities Commission regarding the potential addition of 2,200 MW of generating capacity adjacent to three existing power plants, with total costs of more than $2.3 billion.

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