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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

Federal Prosecutors Say El Paso Calls Show Conspiracy

LCG, Jan. 13, 2002--During a court hearing today, an Assistant U.S. Attorney, John Lewis, said that the Justice Department has evidence of attempts by the natural gas pipeline owner El Paso Corp. to manipulate the natural gas market during the past two years.

A spokeswoman for El Paso, Norma Dunn, said that the company's ethics would not allow false reporting of price data. The company, which has been cooperating with prosecutors in the U.S. Attorney's Houston office, said that it had uncovered evidence of more false reporting in addition to what it had previously disclosed. El Paso Corp. has maintained that those involved are no longer with the company, which is ending its trading operations.

Charges were brought by prosecutors against Todd Geiger, a former trader for El Paso, in December, for submitting false trades to an industry publication. The publisher of the publication Inside FERC Gas Market Report, Platts, is a subsidiary of McGraw-Hill Cos. Platts said that it did not incorporate the prices reported by Geiger into its indexes, because they fell outside the range of other reported trades. It has not yet made a statement on what happened in the case of other reported trades.

Much of the government's evidence is provided by the substance of 130 to 140 recorded phone calls between traders, which were provided by El Paso on Friday. U.S. District Judge Nancy Atlas today scheduled March 24 as the trial date for Mr. Geiger.
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