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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

NY Power Plant Plans Cancelled

LCG, May 9, 2002--Today General Electric and Sithe Energies Inc. publicized the cancellation of a joint development near Oswego in upstate New York, citing market conditions.

The Heritage plant would have been a 800 MW natural gas-fired combined cycle and had succeeded in all significant regulatory steps. The construction was postponed to this spring from December, but now the companies say recession and changes in electricity prices make construction economically unfavorable.

The cancellation is just one of a number of power projects that have been cancelled because of changing market conditions.

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