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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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NRC Completes Safety Review of Construction Permit Application for TerraPower's Kemmerer Power Station in Wyoming

LCG, December 1, 2025--The Nuclear Regulatory Commission (NRC) announced today that the NRC staff completed its final safety evaluation for the application submitted by TerraPower, on behalf of its subsidiary US SFR Owner, to construct the Kemmerer Power Station Unit 1 in Kemmerer, Wyoming. Unit 1 will be the first nuclear project of its kind using the Natrium advanced reactor design. The evaluation concludes there are no safety aspects that would preclude issuing the construction permit.

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Industry News

SoCal Edison Cuts 1,450 More Jobs

LCG, Jan 8, 2001Southern California Edison Co. said late Friday that it planned to eliminate 1,450 jobs over the next few months, over and above the 400 layoffs it announced in late December. Together, the cuts amount to about 15 percent of the utility's workforce.

The layoffs are part of an emergency plan to reduce expenditures in 2001 by close to a half-billion dollars.

In a news release, SoCal Edison said the austerity program "will affect virtually every operation of the company, including a $100 million reduction in spending this year for electric system operations, maintenance and new investments. One outcome from this is that electric system components will be replaced only after they fail or are judged likely to fail soon."

The affected workers will know whom to thank. Patrick Lavin of the International Brotherhood of Electrical Workers, Local 47, said the company told the union in a letter that "Workforce reductions will be included as a result of the too-little, too-late" one cent per kilowatt-hour rate increase granted last Thursday be the California Public Utilities Commission.

Lavin Thinks service will suffer as a result of the job cuts. "This is work that isn't going to get done," he said, and SoCal Edison concedes the point but adds that any outages that occur won't be the fault of poor maintenance.

Richard Rosenblum, the company's senior vice president for transmission and distribution, told a radio audience Friday that the penny-ante rate raise allowed by CPUC has increased the likelyhood of outages. "If such outages occur, as many as 20 percent to 40 percent of (our) customers could be without power at any one time," he said.

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