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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

EIA Issues Summary of Planned Power Generation Retirements for 2025

LCG, February 25, 2025--The EIA today issued an analysis of planned utility-scale power generation retirements in 2025. Total retirements for the U.S. are estimated to be 12.3 GW, a significant increase relative to 2024, when 7.5 GW of capacity was retired.

In 2025, planned coal-fired electric generation capacity retirements total 8.1 GW, which accounts for two-thirds of planned retirements (66%), followed by natural gas-fired (21%) and petroleum-fired (13%) facilities.

The largest planned coal plant retirement for 2025 is the 1,800-MW Intermountain Power Project (IPP) in Utah, where an 840-MW natural gas (and hydrogen) fueled combined-cycle power block is planned to commence operations this summer. Two other planned large coal plant retirements are J H Campbell (1,331 MW) in Michigan and Brandon Shores (1,273 MW) in Maryland.

Natural gas-fired planned unit retirements in 2025 are primarily simple-cycle turbine units, which have a low efficiency. In addition, old, inefficient steam units, like V H Braunig Units 1, 2, and 3 (859 MW) in Texas and Eddystone Units 3 and 4 (760 MW) in Pennsylvania, are planned for retirement in 2025.

Looking into the future, planned retirements are not necessarily a given. For example, Georgia Power, a Southern Company subsidiary, recently filed its 2025 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC). To maintain reliable and economical electric service, Georgia Power stated it must continue to invest in its foundational resources, which includes continuing the operation of coal-fired Plant Bowen Units 1-4, and extending the operation of approximately 1,100 MW at Plants Scherer (coal-fired) and Gaston (natural gas-fired) beyond the previous target of December 31, 2028 to 2034 or later.

The uncertainty in unit retirements has increased in part due to the election results and the new Administration, which has goals to demonstrate national energy dominance, reduce regulatory hurdles and accelerate growth in the U.S. economy (which would increase the demand for electricity). Furthermore, the new Administration supports the development and production of fossil fuels and may reduce support to renewable power.
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