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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

Construction Expected for Southern New Mexico Merchant Power Plant

LCG, Jan. 10, 2002--With the issuance of an air quality permit anticipated later this month, construction should commence on an 80-megawatt, natural gas-fired power plant in Lorsdburg, New Mexico.

PNM Resources' subsidiary, Public Service Company of New Mexico reached an agreement with Lordsburg's city council that $60 million worth of industrial revenue bonds will be issued to aid in the financing.

The Lordsburg facility should begin operations in July of this year, when it will sell its output into the wholesale power market. The other, most recent new plant introduced by PNM in November, 2001, is a 135-megawatt plant near Las Cruces, New Mexico, which is now under construction.

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