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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

French Okay Endesa Interest in Power Firm Snet

LCG, Nov. 21, 2000--Endesa, Spain's largest electric utility, said yesterday the French government has approved its plans to acquire a 30 percent interest in French power producer Socit Nationale d'Electricit et de Termique.

Snet is the second largest French electricity company by installed capacity, owning 5 coal plants with 2,600 megawatts total capacity -- a drop in the bucket compared to Electricit de France, which itself owns 19 percent of Snet. The balance of Snet is owned by government-run Charbonnages de France, a coal mining and industrial firm.

Yesterday, Endesa signed an agreement with Charbonnages to acquire a 30 percent stake in Snet, with an option to increase its ownership "in the medium term."

Most of Snet's power output is sold to EdF, with a small amount being sold to business customers. Endesa said it expects to increase the proportion of industrial and commercial sales in the future.

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