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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

Israel Resumes Work on Gaza Power Plant

LCG, Aug. 20, 2001--An unnamed senior official said that Israel is to allow work on the Nuseirat power station in the northern Gaza Strip to resume this week, the Jerusalem Post reported this morning.

Moshe Karif, spokesman for the Coordinator of Government Activities in Judea, Samaria and theGaza Strip, said Israel would allow turbines arriving at Ashdod port to be transferred to the Gaza power station but did not give details on the scope of the work to be allowed at the plant.

The generating station is being built in the Erez industrial zone with the help of U.S. and Belgian firms, but work had been halted because of unrest in the area, the unnamed official said. "It's important because it supplies jobs for the Palestinians, and every (one) working is one less pair of hands for Hamas," he said anonymously.

The construction workers are Palestinians and Israeli officials would prefer their hands held construction tools rather than Klashnikov AK-47 rifles. Defense officials say that the Erez is a success and that the number of workers there is growing despite the unrest. Today, some 4,600 Palestinians are employed in the zone. That is roughly equivalent to a regiment of infantry.

The Jerusalem Post did not say how large the power plant is, but did say that its output will meet most of the coastal strip's power needs. Israel is currently providing Gaza with electricity.

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