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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

PSEG India Plant Begins Producing Power

LCG, June 12, 2001--Tanir Bavi Power Co., a joint venture between the PSEG Global unit of U.S. utility holding company Public Service Enterprise Group and the GMR Vasavi Group of India, announced yesterday that it had begun simple cycle operation of 170 megawatts of its planned 220 megawatt combined-cycle plant located on a barge south of Mangalore in the state of Karnataka, India.

A joint venture of PSEG Global and GMR Vasavi Group will operate the plant, which is expected to begin combined cycle operation in July.

The barge was assembled by Hyundai in Korea and then shipped to the Mangalore Coast. Tanir Bavi Power Co. has a power purchase agreement with the Karnataka State Electricity Board andescrow support from the Karnataka Power Transmission Corporation Ltd.

If PSEG runs into problems with the Karnataka State Electricity Board, similar to those which beset Enron Corp.'s Dabhol Power Co. with the Maharashtra State Electricity Board, the barge may make it possible to tow the whole operation to a more investor-friendly venue.

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