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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

NYC Has 250 Additional Megawatts from Ravenswood Plant

LCG, Mar. 30, 2004--A 250-megawatt combined-cycle unit at the Ravenswood plant, owned and operated by Keyspan Corporation, has begun producing power.

The new unit expands the capacity of the existing Ravenswood plant, and enhances its efficiency. According to Keyspan, it is the first base-load plant to be built in New York City since the beginning of deregulation.

The 2,400-megawatt Ravenswood facility is located in Long Island City, Queens. It accounts for approximately one-quarter of the power demand of New York City.
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