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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

Reliant Pays $50 Million to Conclude Manipulation Investigation

LCG, Oct. 3, 2003--A settlement announced Thursday that ends investigation of alleged power market manipulation by Reliant Resources is an example that should be followed by other companies, Pat Wood III, chairman of the Federal Energy Regulatory Commission, stated.

Charges had been raised by FERC that subsidiaries of Reliant Resources withheld power from the market and placed manipulative bids to force prices upward. The agency released a transcript on its website earlier in the year in which traders talked about keeping capacity offline.

The settlement includes $25 million in civil penalties, and possibly the same amount again from revenues from electricity auctions. Reliant Resources agreed to pay nearly $14 million to customers of California's defunct Power Exchange over similar charges last winter, when FERC also discussed stripping it of trading privileges.

Three power trades that had received scrutiny, including one with BP Energy at Arizona's Palo Verde trading hub, will no longer be the subject of inquiries. Gov. Davis, repeating earlier dismissals of such settlements, said "Reliant ripped California ratepayers off for billions of dollars and FERC slaps them on the wrist."
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