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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

Williams Settles Many Claims in Western States

LCG, January 2, 2003-Williams Cos. has settled most of the lawsuits filed against it by California.

Many lawsuits were filed against energy generating companies like Williams after California's energy crisis in 2000/2001 forced the state's utilities into expensive long-term power contracts.

As part of the settlement, Williams will be free of California's claims regarding possible overpriced electricity. Some private class-action plaintiffs have also consented to the settlement.

California, in exchange, will see a reduction in its $4.3 billion energy deal with Williams. Williams will pay $150 million over eight years in addition to yielding some energy assets to California. Six generators, worth about $90 million, will go to the state.

Williams will also supply more electricity to California through 2001.

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