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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

Citizens of Sri Lanka Experience Shrinking Power Cuts

LCG, April 22, 2002-Sri Lanka's Power and Energy Minister Karu Jayasuriya announced that daily power cuts will be decreased to only two hours.

Daytime power cuts will no longer occur, and evening power cuts will be reduced.

While Californian's complained about rolling blackouts in 2000 and 2001, Sri Lankans have endured more than five hours a day of blackouts.

The country relies on hydro-electric power, and drought last year proved severely detrimental to electricity production.

Jayasuriya asserted that full power will be restored by June, and a 900 MW coal-fired plant is being planned. The government has been encouraging renewable energy projects, hoping to limit dependence on hydroelectric and thermal power.

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