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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

Midwest ISO and Southwest Power Pool to Remain Separate

LCG, Mar. 21, 2003--Discussion held since summer of 2001 to merge the Midwest Independent Transmission System Operator, Inc. (Midwest ISO) and Southwest Power Pool, Inc. into one organization have ended with the parties agreeing for now to function as distinct entities.

The decision was made known to the the Federal Energy Regulatory Commission. "While the process has been long and involved, both organizations have benefited through working as a single organization for nearly one year," SPP's president, John Marschewski, said. The CEO and president of the Midwest ISO, Jim Torgerson, agreed that the discussions between the SPP and Midwest ISO have helped them to address issues regarding their common border better than might have otherwise been possible.

Torgerson commented, "The conditions required to close the transaction will not be met in the foreseeable future. As such, it is now best that we focus the attention of our separate organizations on the immediate needs of our respective participants."

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