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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

PSEG's Bid for Cinergy Said to be Faltering

LCG, March 12, 2001--Public Service Enterprise Group Inc.'s discussions to acquire Cinergy Corp. for $5.6 billion in stock have broken down, the Wall Street Journal reported in its online edition today. The paper, so far, is the only source that there was a potential deal in the first place.

When the Wall Street reported the talks on Friday, it noted that among the sticking points could be the desire of Cinergy chief executive James Rogers to head up the combined company but said it was likely that James E. Ferland, PSEG's top man, would probably remain chief executive for at least five years.

The paper also pointed out that PSEG's offer would provide only a modest premium for holders of Cinergy stock. That premium seems to have been erased in subsequent trading on the New York Stock Exchange.

The Wall Street now says that movement in the stock prices seems to have brought a halt to the merger talks. Citing "people familiar with the situation," the paper said the companies may revive negotiations at any time.

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