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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

Utilities Get Different Results in Competitive Pennsylvania

LCG, Oct. 26, 2000--GPU Inc. this morning reported a greater decline in earnings than it had predicted, and blamed the "shortfall" on electric industry restructuring in Pennsylvania. The company said its net income for the third quarter was $104 million, or $0.86 per share, against $148 million, or $1.18 per share, for the same period last year.

GPU is doing something wrong.

On Wednesday, PPL Corp., whose first initial stands for "Pennsylvania," reported record quarterly earnings for the third time this year. That's three out of three and the company said the record earnings "can be directly attributed to the company's success in capitalizing on opportunities offered by thecompetitive energy marketplace."

PPL's third quarter 2000 earnings were $0.81 per share, 47 percent higher than similarly adjusted earnings of $0.55 per share reported a year ago.

William F. Hecht, PPL's chairman and chief executive, said "The most dramatic example of our success is in the electricity generation and marketing businesses. Our company achieved excellent operating performance at our generation facilities throughout 2000, and we optimized the value of this performance through our wholesale trading and marketing activities in energy and related commodities."

GPU take note.

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