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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

Calpine Plant Construction Delayed Because of Electricity Prices

LCG, May 6, 2002-A planned 1,060 MW California plant faces delays because of waning electricity prices.

Calpine Corp. is reconsidering its plan to build a natural gas-fired plant west of Fresno.

Project Manager Mike Argentine said Calpine will decide on the future of the proposed plant after the state has licensed it, but if a move had to be made right now, the plant would probably not be built. The company has postponed construction of 34 plants nationwide because of the downturn in energy industry stocks, according to a company spokeswoman.

Calpine runs 25 California gas-fired or geothermal plants and is currently building three others. The company recently renegotiated electricity contracts with the state, which resulted in agreements to finish new generation projects.

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