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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

PNM Begins Building 225 Megawatt Power Plant

LCG, Nov. 16, 2001--Public Service Co. of New Mexico broke ground yesterday on a new power plant in southern New Mexico near the chile pepper capital of Las Cruces.

The 225 megawatt natural gas-fueled plant will be built in two phases, with 135 megawatts produced in simple cycle scheduled to be in commercial operation by the end of October, next year. The plant will then be expanded to its full combined-cycle output by the fall of 2003.

"Building a new generating station reinforces our commitment to expand our wholesale business focus," said PNM Executive Vice President Bill Real. "It is also part of our promise to invest in New Mexico in order to improve the reliability of the regional power supply."

PNM said the new plant would sell its power into the Western wholesale market. The company noted that it had recently signed a contract with Texas-New Mexico Power Co. to provide electricity for that company's customers in southern New Mexico. Afton will supply some of that power.

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