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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

Indian Lenders Sue Enron's Dabhol Power

LCG, Nov. 8, 2001--Enron Corp.'s Dabhol Power Co. in western India yesterday canceled a meeting with four Indian lenders after the institutions filed a lawsuit against the U.S. energy company and three other parties demanding that work on the unfinished Dabhol power station be resumed.

Enron was scheduled to begin two days of meetings today in Singapore with the lenders to discuss bids by two Indian companies to acquire a stake in the $2.9 billion Dabhol Power Co.

Industrial Bank of India, Industrial Finance Corporation of India, State Bank of India and ICICI petitioned a Bombay court to demand that work on the power project in the western Indian state of Maharashtra be resumed to ensure adequate cash flows to the project and help its promoters make payments to the four financial institutions.

The 740 megawatt Phase 1 of Dabhol had been producing power for nearly a year and the 2,144 megawatt Phase 2 was less than a month from completion when Enron shut down both last June, citing difficulty in getting paid for power generated by Dabhol.

If work at Dabhol were resumed, the problem of getting paid would still exist. For that reason, the suit initiated by the four lenders also includes as defendants the government of India, the government of Maharashtra state and the Maharashtra State Electricity Board, which is Dabhol's sole customer.

The Singapore meeting was to have addressed bids by two Indian companies, Tata Power and Bombay Suburban Electricity Supply, to acquire Enron's 65 percent stake in Dabhol. Enron has lowered its selling price from $1 billion to $850 billion.

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