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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 Asks Court to Cancel Northeast Merger

LCG, March 7, 2001Consolidated Edison Inc. beat Northeast Utilities to court yesterday, filing suit in U.S. District Court in New York, asking that actions by Northeast make that firm incapable of fulfilling terms of a planned merger between the two companies.

Con Edison's $3.8 billion takeover of Northeast, announced in October 1999, began to unravel when Connecticut regulators approved the deal with conditions Con Edison said were "onerous." Last Wednesday, Northeast asked Con Edison to reaffirm in writing its intent to consummate the transaction and set a Friday deadline for an answer, later extending the deadline to Monday.

Having not heard from Con Edison except through the press, Northeast said yesterday it would go to court to break up the planned marriage. Northeast had not yet filed suit last night, but said the Con Edison suit is without merit.

In its suit, Con Edison claims a deal between Northeast's unregulated subsidiary, Select Energy Inc., and Connecticut Light & Power Co., a regulated utility subsidiary of Northeast, for more than 2,000 megawatts of power violates a "precedent" of the merger agreement.

Northeast told Con Edison last September that it might not have enough electricity to fulfill the obligation, but now that power prices have risen significantly, it makes a bigger difference. "The current adverse exposure is material," Con Edison's lawsuit says.

Con Edison said in its suit that there have been other "adverse" changes at Northeast since the merger was agreed to and, taken together, they represent a breach of the merger agreement.

Michael G. Morris, Northeast's chief executive, has said throughout that his company is more valuable today than when the merger was announced.

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