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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

Newsmakers

Green Mountain Power Corporation nominated Nordahl L. Brue chairman. Brue, who has served as company director since 1992, will take the place of Thomas P. Salmon, who has held the position for 19 years.

AES Corporation has selected Mark Fitzpatrick to serve as Chief Executive Officer of Electropaulo, a Brazilian energy distributor. Fitzpatrick previously served as Executive Vice President in charge of operations in Europe and Asia.

AES has also appointed Ann Murtlow President and Chief Executive Officer of Ipalco, an Indianapolis utility. She has served previously as Managing director of AES Horizons and was in charge of developments throughout Central and Eastern Europe.

PPL Generation has appointed Bryce L. Shriver to the post of senior vice president and chief nuclear officer. Shriver's addition to the company comes as Robert G. Byram retires from the position after serving for five years.

Reliant Resources Inc. has brought in Stephen Naeve to take the role previously played by Chairman and Chief Executive Officer Steve Ledbetter. Naeve will serve as company president, although Ledbetter will remain chairman and CEO.

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