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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

Republicans Finish Energy Bill Negotiations

LCG, Nov. 14, 2003--Difficult and protracted negotiations on a comprehensive energy bill are essentially over, according to Republican Senate and House chairmen of the committees that led them.

The announcement was made today by Sen. Pet Domenici of New Mexico and Rep. Billy Tauzin of Louisiana. Included in the bill are tax credits for ethanol and for nuclear and coal power producers, as well as aid for specific local projects. The bill did not include provisions for drilling for oil in the Arctic National Wildlife Refuge in Alaska, although White House Spokesman Scott McClellan said the administration feels that such projects "should be part of a comprehensive energy plan."

Democrats will now review details of the plan, which are scheduled to be posted tomorrow at noon on the website http://energy.senate.gov/ and http://energycommerce.house.gov/. Sen. Charles E. Schumer of New York, a Democrat, voiced strong objections to what he called a "grab bag of goodies for special interests," and said the bill "should be stopped in whatever way possible and I will be checking with my colleagues to see if we have the support to do so," although substantial changes are unlikely.

Mr. Tauzin said the package, the completion of which has been sought by Energy Secretary Spencer Abraham, "is going to make a difference in American families' lives."
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