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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

Legislation Proposed to Remove California ISO as Grid Manager

LCG, January 22, 2003--In the midst of a legal dispute between the Federal Energy Regulatory Commission (FERC) and the California Independent System Operator (ISO) over the ISO board's makeup, a California senator who has led an investigation into market manipulation has introduced a bill that would return management of the state transmission grid to the major utilities.

Senator Joe Dunn, D-Santa Ana, said during a hearing of his special investigative committee that he believes the ISO should no longer exist. The ISO has been under attack since last summer, when the board refused to respond to an order from the FERC to replace its board members, which the FERC felt were not sufficiently independent. Gov. Gray Davis advocated that the board not respond to the order, having appointed the members at the beginning of 2001. FERC sued the state on Aug. 16, and the matter is currently before the U.S. District Court of the District of Columbia.

Sen. Dunn said his bill is "there as a vehicle depending on the outcome of that dispute." He is also planning to introduce a bill that would move the state towards "some sort of quasi-regulated electricity system," he told Dow Jones. Dunn has resisted confirming Michael Kahn, chairman of the ISO, and hopes to have Kahn make management changes Dunn feels are necessary before moving on the confirmation.
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