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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

Con Edison Wants New York Market Rules Tightened

LCG, March 5, 2001Consolidated Edison Co. of New York said Friday that it has asked the Federal Energy Regulatory Commission to tighten up wholesale electricity market rules in New York State to prevent power plant owners from exercising market power.

"The original market power mitigation measures were established before the New YorkIndependent System Operator became operational. As the market for electricity in New York has evolved, we can clearly see that there are some loopholes in those measures. This filing is aimed at closing the loopholes and providing customers greater protection against higher electricity prices when the marketplace is not competitive," said Kevin Burke, president of Con Edison.

Burke said the company has identified "loopholes" that could add as much as $20 million to the cost of wholesale power in some months.

Con Edison wants FERC to prevent in advance all the bad things California power producers have been accused of in hindsight. The company wants to prevent generators from "gaming" the system, wants protections on bidding behavior for must-run plants, wants to discourage plant operators from withholding power in order to drive up prices, and more.

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