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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

State Commission Approves Construction of AEP's IGCC Plant in West Virginia

LCG, March 7, 2007--The West Virginia Public Service Commission issued an order yesterday granting the application of Appalachian Power Company (APCO) for a Certificate of Public Convenience and Necessity (CPCN) to construct and operate a 629 MW Integrated Gasification Combined Cycle (IGCC) electric generating unit adjacent to its Mountaineer Generating Station in Mason County, West Virginia. APCO is a subsidiary of American Electric Power (AEP).

The IGCC process converts coal into a synthesis gas to fuel a combustion turbine generator. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time.

In 2005 AEP signed an agreement with GE Energy and Bechtel Corporation to develop the engineering and design process for a coal-fired, power plant using an IGCC design. (GE Energy purchased the ChevronTexaco gasification technology business, whose technology has been applied to a number of IGCC power plants.)

The order includes a condition that requires APCO to file a revised project cost estimate no later than January 1, 2009. When the IGCC Project cost has been fine tuned under the GE/Bechtel contract, if the revised cost exceeds the $2.23 billion estimate in the Application, APCo is required to file for an amendment to the Certificate advising the Commission of the higher contract price prior to proceeding.

The Commission's order also includes a requirement that APCO must file an affidavit evidencing its commitment to use coal produced in West Virginia for no less than 75 percent of the fuel requirements of the plant within ten days of the date of the order.



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