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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

CMS Energy To Exit Exploration, Production of Oil and Gas

LCG, May 30, 2002--The Michigan-based gas and electric utility CMS Energy, whose chairman and chief executive William T. McCormick Jr. resigned last week, will sell its CMS Oil and Gas Co. business arm, in order to lower its debt and raise capital.

CMS Energy had received attention because of news in the past two weeks concerning reciprocal energy trades with other energy trading companies, including Reliant Resources and Dynegy Inc. Such trading inflated revenues by over $5 billion over two years, nearly a quarter of its revenue.

The oil and gas operations of CMS are found in the Permian Basin of west Texas, as well as abroad, in Cameroon, the Republic of Congo, Colombia, Eritrea, Tunisia, and Venezuela. According to company spokesman Dan Bishop, the unit it intends to sell is a small part of its business. According to 2001 financial reporting, revenue from the unit accounted for less than 2 percent of revenues.

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