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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

Vermont Public Service Board Approves the New England Clean Power Link

LCG, January 7, 2016--The Vermont Public Service Board ("Board") on Tuesday issued a Certificate of Public Good to TDI New England (TDI-NE) for the proposed New England Clean Power Link (NECPL). The proposed electric transmission project will increase transmission capacity to enable power supplies in Canada to be delivered into Vermont and New England. Construction is scheduled to commence this year, given other regulatory approvals are received. TDI-NE plans to begin operations in the second quarter of 2019.

The Board authorized the installation and operation of a high-voltage direct current (HVDC) underwater and underground electric transmission line with a capacity of 1,000 MW, a converter station, and other associated facilities. The estimated cost of the project is $1.2 billion. The Board concluded that the project will result in significant economic, environmental, and electric benefits for the state of Vermont.

The HVDC cable will extend from the U.S.-Canadian border approximately 97 miles underwater down Lake Champlain to Benson, Vermont. The cable will then be buried along roads and railroad rights-of-way or on land owned by TDI-NE for approximately 57 miles to a converter station to be installed in Ludlow, Vermont.

Project proponents cited the need to replace power from the closed Vermont Yankee nuclear plant with renewable energy, the minimal aesthetic impacts of the project, increased tax revenues, and the responsiveness they experienced when interacting with representatives of TDI-NE.

The Board cited that ISO-NE estimates that up to 8,300 MW of non-gas-fired generation is "at risk" for retirement by 2020 in the form of 28 older oil and coal units. If all of these units retire, ISO-NE estimates that 6,300 MW of new or re-powered capacity will be needed in the region.

TDI-NE is owned by the Blackstone Group.
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