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News
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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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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
Financing Hurdle Cleared for Hudson Transmission Project
LCG, May 24, 2011--The developer of the Hudson Transmission project, Hudson Transmission Partners, LLC (HTP), announced yesterday that it has closed financing on over $850 million in debt and equity for construction of the project, which is designed to deliver up to 660 MW of new electric power supply via a underground and underwater cable extending approximately seven-miles between New Jersey and Manhattan. Construction is scheduled for completion for the summer of 2013.
Equity financing will be provided by private equity funds managed by Energy Investors Funds and Starwood Energy Group Global, LLC, and debt financing will be provided by a consortium of institutional investors through a private placement arranged by SG Americas Securities, LLC and RBS Securities, Inc.
The Hudson Transmission Project connects the PJM Interconnection to New York City, which has limited transmission linking the load center to electric supplies. The New York Power Authority (NYPA) will, under a long-term agreement with HTP, use 495 MW of capacity, with the remaining 165 MW of transmission capacity available to others on a merchant basis. The New York Public Service Commission (PSC) approved the project in September 2010 as a means of increasing access for New York City to new power supplies and improving the reliability and security of the transmission system.
The Project includes installing a new electrical converter station in Ridgefield, New Jersey. The station will convert Alternating Current (AC) power from the PJM system to Direct Current (DC), and then back to AC within the same site (called "back-to-back conversion"). The 345-kV underground cable will follow existing rights-of-way to Edgewater, New Jersey, where it will enter the Hudson River and be buried beneath the river bottom for approximately three miles before making landfall near Pier 92 in Manhattan. From there, the cable will extend approximately 0.4 miles under streets and interconnect at the ConEd West 49th Street substation.
The Project will have two-way power transfer capability that will improve electric reliability improve stability of its interconnecting utility (PSE&G).
The Hudson Project has received all necessary major permits and approvals for construction. HTP issued a Notice to Proceed to its principal contractors, Siemens Power Transmission and Distribution, Inc., which will provide the converter station technology, and Prysmian Cables and Systems USA, LLC, which will manufacture and install the power cable.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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