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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

Enron Gas Trader Gets Prison Sentence for '98 Misdeed

LCG, August 19, 2002-An ex-Enron employee was sentenced to over 3 years in prison for misdirecting gas revenue.

Steven Gary Todoroff, a former director of marketing and trading at Enron Corp.'s EOTT Energy Corp., arranged an exchange of 100,000 barrels of butane between EOTT and Petrogas Inc in December of 1998.

The 100,000 barrels of butane in question were then redirected to a company that Todoroff owned, and the barrels sold for nearly $1 million. Todoroff deposited the subsequent money into a personal account.

Replacement barrels then had to be bought by EOTT at a cost of $3 million to meet the contract with Petrogas in 2000.

Todoroff pleaded guilty in May. Last Friday U.S. District Judge Sim Lake sentenced the 47-year-old to more than three years in prison in addition to ordering Todoroff to refund the $3 million to EOTT.

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