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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

East Coast Weather Brings Record Energy Demand

LCG, January 28, 2003-Mid-Atlantic states have been experiencing nearly two weeks of cold weather, increasing demand for electricity to record levels.

PJM Interconnection, responsible for transmission for much of the mid-Atlantic region, has said that demand on Thursday of last week peaked at 55,031 megawatts, over 4,000 megawatts higher than the previous record demand of 50,864 megawatts, which was recorded two days prior.

The daytime high temperature on that Thursday, January 23, was 17 degrees Fahrenheit (or minus 8 Celsius). Before this year's demand record, the winter record in for PJM Interconnection was 50,129 megawatts, made January 27 of 2000.

PJM's all-time demand record is 63,777 megawatts, recorded August 14, 2002. Generally electricity demand is highest during the summer.

PJM serves 25 million people in Mid-Atlantic States and is connected to 71,600 megawatts of capacity.

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