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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

Power Outages Follow Ice STorm

LCG, Apr. 7, 2003--Power service to over 200,000 electric power customers was cut off after a weekend storm left snow and ice in the upper Midwest, upstate New YOrk, and northern New England.

Michigan had 170,000 customers who experienced outages, while 100,00 were without power in New York state. Most of the outages were due to a coating of ice that weighed down and felled trees or branches, bringing down lines.

Utility crews have restored some of the outages, although on Monday morning, 11,000 out of 80,000 customers of Rochester Gas & Electric (a New York utility) who had lost power had had it restored. A second storm was forecast for the Northest and mid-Atlantic states today, and could result in 6 to 10 inches of snow.
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