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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 Union Shareholders Back Acquisitions

LCG, Aug. 31, 2000Shareholders of Southern Union Co., a natural gas company serving more than 1.2 million customers in four states and Mexico, have approved the acquisition of Providence Energy Corp. of Rhode Island and Fall River Gas Co. of Massachusetts, the company said yesterday.

These acquisitions, along with that of Valley Resources Inc., will add more than 300,000 customers to Southern Union, bringing its customer base to approximately 1.6 million. On Tuesday, Fall River Gas shareholders approved that merger agreement while Providence Energy and Valley Resources shareholders had approved their transactions earlier.

" These positive shareholder responses reflect a vote of confidence that our strategy of enhancingcustomer service while building shareholder value continues to succeed in this changing environment," said Southern Union President and Chief Operating Officer Peter H. Kelley.

Southern Union serves customers in Texas, Missouri, Pennsylvania, Florida and Mexico. Its natural gas operating divisions include Southern Union Gas Co., Missouri Gas Energy Co., PG Energy and Atlantic Utilities Inc.

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