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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

Newsmakers

The results of the Nuclear Energy Institute elections have reestablished the positions of many already holding posts. New appointees include Alan J. Fohrer and Michael B. Sellman, who have joined the Nuclear Energy Institute's Executive Committee. Also, Donald C. Hintz, president of Entergy Corp. was elected NEI vice-chairman, and Robert E. Prince will join the NEI board. The NEI develops industry policy and is located in Washington D.C.

James A. Messersmith will become vice president of the Oglethorpe Power Corporation and will be responsible for gas-fired and hydroelectric generation. He has been with the company since 1991 and has been in the energy generation industry for 27 years.

Simon Kukes, president of Tyumen Oil Company, will join the Maguire Energy Institute Board of Advisors. Maguire Energy Institute is located at SMU's Cox School of Business in Dallas, Texas.

Sydney M. Ferguson has been given the position of senior vice president responsible for corporate communications and government relationships at USEC Inc., an international energy company and major uranium fuel supplier. Ferguson most recently served as Managing Director of Qorvis Communications, Inc.

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