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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

Reliant and Dynegy Receive Federal Subpoenas

LCG, May 28, 2002--U.S. Attorneys have sent energy companies Reliant Resources and Dynegy subpoenas requesting energy trading documents.

The two companies verified that they received the subpoenas this weekend.

Last week Reliant Resources, 83 percent of which is owned by Reliant Energy Inc., restated its 2001 first quarter revenues after admitting it had participated in "round-trip" trades intended to boost trading volume. Reliant Resources says its trading was elevated by 10 percent due to these trades but intends to comply with the subpoenas.

Dynegy, which is under investigation by the Securities and Exchange Commission, says it will also comply with the U.S. Attorney's Office. Last week the company said it would alter its reported 2001 earnings by 12 percent. In addition, last week Dynegy reversed a $79 million tax benefit yielded from the natural gas-related Project Alpha.

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