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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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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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Industry News

Southern in Deal to Bid on Enel Generation Unit

LCG, July 28, 2000--The Southern Co. of the U.S. and Italian conglomerate CIR said in a joint statement this morning that they "will create a consortium with the aim of buying one of the generatingcompanies that (Italys state-owned electric company) Enel must sell in the upcoming months."

Under rules adopted by the European Commission, Enel will have to divest itself of some 15,000 megawatts of generation by 2003. On order to do so, the company is forming separate generation companies grouping its power plants.

In their statement, Southern and CIR said "The two largest companies, Eurogen of 7,000 megawatts and Electrogen of 5,400 megawatts, are particularly interesting."

Southerns investment would be made through its Southern Energy subsidiary, which already has a European presence with its majority interest in Germanys Bewag and a power trading company in The Netherlands.

"CIR and Southern Energy intend to develop their generating activity and commercialization of energy to create one of the leading Italian groups and an important operator at a European level," the statement said.

Southern Energy may also build new natural gas-fired power plants in Italy, the statement added.

CIR would make its investment through a subsidiary, Energia Italiana.

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