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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

Sierra Pacific Says Portland General Deal Kaput

LCG, April 27, 2001--Sierra Pacific Resources Corp. owner of both Nevada electric utilities, said yesterday its deal to buy Enron Corp.'s Portland General Electric Co. subsidiary has been terminated by mutual agreement.

Last month, Enron Chief Executive Jeffrey Skilling said that the transaction had only a "5 percent probability" of going through, citing regulatory changes in Nevada which would affect Sierra Pacific's ability to consummate the deal.

A month ago, Nevada regulators told Nevada Power Co. and Sierra Pacific Power Co. to hold off on selling their power plants because of fears that California's energy crisis could spread across the border. Last week, the Nevada legislature officially put electric deregulation on hold, and the measure was immediately signed into law.

Sierra Pacific Resources had planned to use the proceeds from its power plant sales to pay Enron for its Portland, Ore., utility.

"While this acquisition would have offered many efficiencies in utility distribution for customers in both Nevada and Oregon, completing it was becoming increasingly difficult in the current market andpolitical environment in the west," said Walt Higgins, Sierra Pacific Resources chief executive.

Skilling said in a statement yesterday "As we have discussed in the past few weeks, the energy markets in California and Nevada have led to a regulatory and legislative environment that has made this transaction increasingly difficult to complete."

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