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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

US Signs Energy Research Agreement with European Union

LCG, March 6, 2003Today EU and US officials agreed to have scientists join efforts in hydrogen and nuclear power research.

Spencer Abraham, the U.S. Secretary of Energy, signed a pact with the European Union in the office of EU Research Commissioner Philippe Busquin.

According to the agreement, researchers studying nuclear fission, nuclear fusion, hydrogen power, and carbon dioxide removal will be able to work together in order to quicken technology development.

While the document says nothing about how much money the EU or U.S. will put toward joint projects, the signing marked a new direction for the Bush administration, which pulled the U.S. out of the Kyoto Protocol in 2001 to broad internatinoal dismay.

Meanwhile the Bush administration has earmarked at least $1.5 billion in funding for hydrogen fuel cell research. Fuel cells are complicated systems in which petroleum or other hydrocarbons undergo a series of reactions, yielding water, carbon dioxide, and energy. Hydrogen, which is too reactive to survive long in elemental form in nature, can also be separated from carbon compounds and stored as gas. When elemental hydrogen reacts with oxygen, it yields energy and water vapor.

The EU and U.S. have both noted interest in turning to a hydrogen-based economy, a somewhat misleading proposition in that, according to the current direction of research, hydrogen will be derived from natural gas, coal or oil. In any case, the signing comes as part of a growing international effort to change the face of power production.

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