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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

Judge Denies Attempt to Block SoCal Ed Recovery Deal

KLCG, Nov. 29, 2001--Southern California Edison Co. said yesterday that an appeals court had denied a motion from an anti-utility activist group seeking to block a deal which the utility believes will save it from bankruptcy.

An agreement between the utility and the California Public Utilities Commission would allow the company to recover about $3.3 billion with which to pay debts that have it teetering on the edge of bankruptcy.

A group called Toward Utility Rate Normalization (TURN) had filed a motion to block the agreement with the Ninth Circuit Court of Appeals in San Francisco after federal judge Ronald Lew rejected a similar request.

John Bryson, chief executive of SoCal Ed's parent Edison International Inc., said "We and the CPUC continue to believe that the settlement is fair and reasonable to the parties, creditors and our customers and establishes a sound path to restoring (SoCal Ed's) financial health."

SoCal Ed estimates that it ran up debts of $6.35 billion subsidizing low electric rates for its customers. Under California's failed electric restructuring law, the state's three investor-owned utilities were forced to purchase wholesale power at market prices and sell the same power at rates frozen 10 percent below those in effect in 1997.

The scheme seemed to be working until it became apparent that California had insufficient generation resources to meet its demand. At that time, the law of supply and demand took effect and sent wholesale power prices soaring.

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