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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

Peabody and ConocoPhillips Announce Kentucky Coal Gasification Project

LCG, December 18, 2008--Peabody Energy Co. and ConocoPhillips announced Tuesday a proposal to develop a coal gasification facility in Kentucky at a site previously targeted by Peabody for the Thoroughbred Energy Campus, a 1,600-MW, coal-fired power plant. An air permit application for NewGas was filed on Monday with the Kentucky Division of Air Quality.

With the announcement of the new gasification project, Kentucky NewGas, Peabody withdrew its air quality permit application for the Thoroughbred Energy Campus. A Peabody spokesperson stated, ?Given all factors under consideration, we believe that our coal-to-gas project would create the highest value....This project has multiple markets and uses for the product, including residential consumers, industrial customers and power plants."

The Kentucky Division of Air Quality expects the environmental review to require one to two years. Given an approved air permit, the companies will then determine whether or not to continue with the project. The construction period for the project is estimated to require four years.

Peabody has battled opposition from environmentalists regarding the Thoroughbred Energy Campus and the associated air permit for some time.
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