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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

SCPPA to Build 250 MW Plant

LCG, September 19, 2002-The Southern California Public Power Authority plans to construct a 250-megawatt combined-cycle power plant.

The Magnolia Power Project will be constructed in Burbank, California by Kvaerner E&C at a cost of $112 million. Total plant costs are estimated to be $215 million.

Initial engineering has begun, but outright construction will have to wait for the completion of licensing.

The plant will be located at the same site as two decommissioned generators, which will be dismantled and removed before the new generator is constructed.

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