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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

Tractebel Set to Exit India

LCG, Aug. 16, 2001--India, which set out a decade ago to attract foreign investment by reforming its electric power sector, is about to lose yet another foreign investor because of contractual disputes, the Economic Times reported this morning.

Tractebel of Belgium will sell its stake in a 50-50 joint venture, Jindal Tractebel Power Co., with Jindal Vijaynagar Steel, the paper said.

Tractebel thus will follow Cogentrix of the U.S. and Electricit de France in walking away from the bureaucratic entanglements of India. Enron Corp. of the U.S. is on the verge of selling its 65 percent interest in the huge $2.9 billion Dabhol power project, India's largest foreign investment, for a bargain basement $1 billion, and AES Corp., another American company, has said it is ready to depart its investments in India.

Tractebel appears to have reached an arrangement with its partner through two of its companies, after Saw Pipes and Jindal Steel & Power agreed to pitch in with 250 million rupees each to help meet a 2.35 billion rupee payout to Tractebel, the paper said.

The Economic Times said it had learned that Tractebel may also consider withdrawing from the International Chamber of Commerce. Tractebel had initiated arbitration proceedings against JVSL requesting compensation towards damages suffered by it, the paper said.

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