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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

Explosion Rips 495 Megawatt New York Power Plant

LCG, May 17, 2001An explosion in a coal fired unit of the 495 megawatt Lovett power plant in Rockland County, N.Y., at 11:45 a.m. yesterday injured one worker and took the entire generating facility off line, officials said.

The blast also caused Rockland County Health Department a few tense hours as the agency fretted over the possible release of asbestos. About 300 schoolchildren who live in the area were not allowed to return home after school until tests showed they wouldn't breathe the suspected carcinogen en route.

A spokesman for the plant's owner, Mirant Corp., said the cause of the explosion was under investigation. The 200 megawatt unit 5, in which the blast occurred, was not running at the time, but other units were producing about 140 megawatts. All were units were shut down as a precaution.

"We don't know yet when any of the units will be able to restart," a company spokesman said. But Lou Friscoe, Mirant's director of environmental and external affairs, said the damage was isolated to the Unit 5 boiler and other units would be able to make up for the loss.

Rob Doherty, a Mirant worker, was near the unit when it exploded. "We were standing on the roof across from it and it just shook," Mr. Doherty said. "It was terrifying. Fly ash went up the side of the mountain."

The injured worker, who suffered second-degree burns on his face and arms, was in stable condition at Westchester Medical Center.

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