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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

Calpine Prepares Oklahoma Plant for July

LCG, Apr 26, 2002--A gas-fired power plant in northeastern Oklahoma is nearing the completion of its first stage of construction, and according to merchant developer Calpine Corp., should start producing power in July.

The Oneta Energy Center in Wagoner County, near Coweta, will produce 570 megawatts this year, and by February of 2003, is expected to have another 570 megawatts online. Calpine will own and operate the plant, and output will be sold to the wholesale market.

Currently, there are approximately 20 gas-fired independent power plants on the ground or in development in Oklahoma.
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