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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

BP and India’s Tata to Buy 2,184 MW Enron Plant

LCG, July 17, 2003BP Global Investments and Tata Power Company may form a joint venture to purchase the Dabhol Power Company in Indias Maharashtra province.

The 2,148 megawatt Dabhol Power Plant has been idle and mired in controversy for two years. U.S.-based Enron insists that the Maharashtra State Electricity Board fell behind in $240 million worth of payments and that the Indian government failed to honor a counter-guarantee. The plant was subsequently shut down in May 2001.

The 740-megawatt, naptha-fired phase of the plant came on line in May 1999. The 1,444-megawatt, liquefied natural gas-fired second phase was scheduled to begin operations in 2001 but was never quite completed.

Enron currently owns a 65 percent stake in the $3 billion company, and Tata Power and BP Global are looking to purchase a 26 percent stake each from Enron.

General Electric (GE), Bechtel, and the Gas Authority of India, Ltd. (GAIL) each own a 10 percent stake. According to Tata Powers vice president for Strategy and Business Development Mohan Guranath, his company has discussed including GAIL, Bechtel, and GE in the joint venture. As yet, only GAIL has expressed interest.

BP Global and Tata Power are likely to present a rehabilitation plan to Dabhols largest creditor, the Industrial Development Bank of India.
According to Indian Express Newspapers, in April Tata Power and BP Global unsuccessfully offered to buy up 85 percent of the company.

Tata Power is a subsidiary of Mumbai-based Tata Power Limited, itself part of the enormous Tata family of companies.

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