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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

U.K. Opens Way for Large Increases in Windpower

LCG, July 24, 2003--An increase in offshore wind generation is being sought by the U.K. government, which announced that invitations will be made to bid on options to lease sites that could see the installation of 1,500 turbines over 100 meters in height.

Previous proposals regarding electricity generation from wind had represented one-fourth as much capacity as the current one. The announcement by the trade and industry secretary indicated that construction could create 20,000 jobs related to construction and engineering, and that the plans would enable progress on reaching a 10 per cent minimum requirement for renewable power by 2010.

Bidders for the sites, in three coastal areas up to 10 kilometers from shore, may include oil companies and power providers such as PowerGen, Innogy, Scottish and Southern & Scottish Power. While wind developers and Greenpeace, the environmental group, heralded the significant boost in support for wind technology, Vince Cable, a Liberal Democrat, noted that a variety of renewable technologies, including tidal and solar power, should be supported through regulatory means, and that a single source should not be the entire focus of such development.
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