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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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NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

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Industry News

NRC Chairman Talks of Nuke Renaissance

LCG, April 27, 2001Chairman Richard Meserve of the U.S. Nuclear Regulatory Commission told reporters yesterday that most, if not all, commercial nuclear energy companies plan to keep their plants running beyond their initial 40-year licenses.

He added that he would not be surprised if some nuclear power plants abandoned for economic reasons in the 1980s were reconsidered for completion, even though the NRC licensing process would likely have to begin over for such facilities.

"Perhaps the most startling recent development is the growing industry interest in the construction of new nuclear plants," Meserve said, although he said he had heard of no specific plans for a new nuclear power plant.

The NRC has already approved 20-year license extensions for five reactors belonging to two utilities, Meserve said, and has on file applications for license renewals for another 34 reactors.

"We now expect that between 85 percent and 100 percent of the existing nuclear plants will seek license renewal," Meserve said. "It is even possible that we may receive an application to conclude certain reactor projects that were suspended for economic reasons in the 1980s."

Meserve, a Democrat appointed by President Clinton a year and a half ago, said he expected the current administration's energy task force, headed up by Vice President Dick Cheney, will endorse nuclear energy as an essential part of the nation's energy mix.

As for the NRC, there has been talk of "streamlining" procedures to permit "fast track" approval of license extensions. The process will still take anywhere from two years to two and one-half years, Meserve said. "We have to be satisfied that if we allow an extension, there will not be a reduction in safety," he said. "If they don't meet the criteria, we're going to reject the application."
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