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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

Los Angeles DWR Will Sell $389 Million in Bonds

LCG, August 21, 2002-The Los Angeles Department of Water Resources intends to hold a bond sale in order to raise $388.5 million.

The LADWR recently received a credit rating upgrade from credit rating services. Standard & Poor's Rating Service and Fitch's increased the rating from AA- to A+ , and Fitch reiterated its Aa3 rating.

The credit rating improvement comes in response to LADWP's diminishing debt and lowered long-term interest rates.
The variable rate bonds will be sold as early as Wednesday.
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