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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

Reliant to Split Regulated, Unregulated Businesses

LCG, July 27, 2000--Reliant energy Inc. said yesterday it would ask approval from the Public Utility Commission of Texas to separate its regulated businesses from those that are not regulated, creating two publicly traded companies.

The company said the plan is intended to satisfy regulatory requirements under Texas restructuring legislation, to enhance shareholder value, to highlight the specific investment appeals of each resulting entity, and to permit the individual units to focus on their respective business and market opportunities.

Once it gets the necessary approvals, Reliant would publicly offer about 20 percent of the common stock in the unregulated company. That would be followed by a distribution of the remaining stock to shareholders within 12 months.

The regulated businesses would be restructured as a holding company, Reliant said.

The unregulated company would own Reliant's unregulated power generation and related energy trading and marketing operations, its unregulated retail businesses, which currently include energy, telecommunications and Internet services, and the company's European electric generating and trading-marketing operations.

Steve Letbetter, Reliants chief executive, explained that the company has undergone a fundamental transformation, especially from an investors point of view. "Our growth businesses appeal to a different set of investors than do our regulated activities," he said.

"We expect the regulated company to be very similar to the company we have been for most of our history, and it should appeal to our traditional type of investor. Overall, this restructuring will allow us to better align our businesses with the interests of investors and allow the market to more effectively reflect the overall value of Reliant Energy's expanded business portfolio," Letbetter added.

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