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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

Cal-ISO Appoints Itself Power Plant Watchdog

LCG, Nov. 30, 2001--The California independent System operator, which has had trouble explaining its role to the Federal Energy Regulatory Commission, has decided to appoint itself watchdog for power plant maintenance and availability in California.

Cal-ISO's board of governors decided yesterday that the agency should set up strict maintenance standards and an enforcement program to make sure owners keep their power plants in good shape and able to deliver electricity whenever the ISO says to do so.

Cal-ISO will have to ask FERC's approval to begin the program next spring.

Power producers and possibly FERC could find objectionable a part of the Cal-ISO plan that would permit it to conduct "surprise" inspections of power plants to make sure maintenance routines are being followed. The cops can't inspect your home without a warrant.

The maintenance standard would be based on records kept by the state's three investor-owned utilities when they owned the plants.

"If you bought a used car, you'd sure like to get the maintenance records and the owner's manual with it," said Phil Pettingill, manager of transmission facilities for the ISO. The analogy won't wash.

If we bought a used car, we'd like the maintenance records and the owner's manual, but we wouldn't share them with a state bureaucrat who wanted to tell us when to drive the car.

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