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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

El Paso Corp Allowed to Question FERC's Subpoena

LCG, January 23, 2003-The El Paso Corporation, currently in court because of alleged energy market manipulation, has been allowed to question the Federal Energy Regulatory Commission's subpoena demanding the release of trading documents.

FERC Administrative Law Judge Peter Young ordered that El Paso's arguments be heard next week Tuesday.

Californian officials are still searching for the ultimate cause of California's inflated power prices of 2000 and 2001. A number of energy producers and traders have participated in suspect trading behavior and some have compensated the state or rewritten energy contracts with the state, but as yet California has not found any solution to its enormous budget deficit, of which much is attributed to the cost of electricity.

El Paso received a subpoena for the release of natural gas price information initially provided to industry publications. California wants recordings of El Paso employee phone calls, but El Paso has said the calls referred to natural gas transport in other locations outside of California.

El Paso has already stated that some of its employees yielded false data for publication but insisted that those people were no longer employees.

California alleges that the state paid $3.3 billion too much for natural gas because El Paso limited natural gas supply, essential to fueling a significant number of the power plants in the region. El Paso is not responsible for the sale of gas but controls the flow of gas across the country and allots pipeline space to those who sell gas. California insists that the pipeline shipments were limited to 79 percent of pipeline capacity during the height of the crisis, from November 2000 through March 2001.

California officials have 100 days to compile evidence regarding improper market behavior.

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