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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

Duke Pauses Construction on Washington Plant

LCG, Aug. 22, 2002--A 630-megawatt power plant in Washington state's Grays Harbor county has undergone a halt in construction, with market conditions impacting expected revenues from the plant.

The plant, in Satsop, may be built eventually, but supply of electric power is currently sufficient for the Northwest region. Hydropower plants have reservoirs at normal levels, following dry conditions last year.

The project director for Satsop, Duke Energy North America's Andy McNeil indicated that he does not feel that work will be permanently halted, as was the case with nuclear plant projects started on the same construction site in the late 1970's. "The only way this plant won't be completed is if the (energy) markets don't rebound," he said. Prices in Washington have averaged $17 to $20 per megawatt-hour recently.

Other Duke projects which are not going forward for the moment are found in Deming, New Mexico, and near Las Vegas.

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