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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

El Paso Pipeline to Benefit California

LCG, May 31, 2002--The Federal Energy Regulatory Commission decided El Paso Corp. should alter its gas pipeline allotment practices to benefit California.

According to FERC, El Paso must renegotiate contracts, eliminating preferences that were given to Arizona and New Mexico shippers. The company welcomed FERC's order, saying it will not have any "adverse economic impact" on the company.

Prior to the decision, Southwest shippers could take as much gas as they required, and California, which saw rapid population growth, had trouble getting the gas it wrote contracts for.

All shippers will receive equal consideration by November, and El Paso has plans to build an addition 550 million cubic feet of pipeline into California by the end of this year.

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