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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

330 MW Plant To Be Built in New Jersey

LCG, Jan. 21, 2002--An affiliate of Consolidated Edison Development has contracted with Jones Lockwood Greene for engineering, procurement and construction services related to a 330-megawatt plant to be sited in Lakewood Township, New Jersey.

The plant, Ocean Peaking Power, will be a neighbor to Consolidated Edison Development's Lakewood Cogeneration facility. The facility will be developed using GE Frame 7FA gas turbine generators, and simple-cycle technology. The planned configuration is to include two generator sets, with the possibility of a third.

The project is worth $40 million, with a planned completion date of December 2002. Con Edison Development is a wholly owned subsidiary of Consolidated Edison, Inc., and is a New York City-based company that invests in energy infrastructure development projects.
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