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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

Pennsylvania Okays GPU-First Energy Merger

LCG, May 25, 2001-- Pennsylvania utility regulators Thursday gave conditional approval to aproposed merger of GPU Inc. with Ohio-based First Energy Corp., but postponed a decision on GPU's request to raise rates, the Pennsylvania Public Utility Commission said yesterday.

The commission voted 5-0 to approve the merger and then voted 4-1 to convene a "collaborative meeting" between the parties, to begin Tuesday and conclude no later than June 20. The commission said it would issue a final order by July 13, no matter what the collaboration produces.

The regulators attached conditions to their approval, Commissioner Terrance J. Fitzpatrick said. The combined company must agree to refrain from charging customers for costs associated with the deal or withdrawing transmission assets from the power grid that serves Pennsylvania.

The commission also required the companies to submit a detailed plan of anticipated job cuts within 60 day of the effective date of the merger to ensure that GPU's Pennsylvania employees do not pay the major price for "synergies" produced by the combination.

The new company formed by the merger will stretch from Ohio to the Jersey shore, will serve about 4.3 million customers and have annual revenue of around $12 billion.

GPU had sought a rate increase to offset the rising cost of wholesale power, even though it had agreed to a rate freeze through 2008 in earlier deregulation negotiations.

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