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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

Newsmakers

James M. Clarke has been appointed vice president for risk management and capitalallocation by Nisource Inc. Most recently risk management officer for the company, he will assume the additional responsibilities of enterprise-wide capital allocation as Nisource integrates its resources with those of Columbia Energy Group.James C. Collins has been named vice president for business development by Texas Independent Energy, a 50-50 joint venture of Panda Energy International Inc. of Dallas and PSEG Global Inc. of New Jersey. He was formerly a regional marketing executive for Louisville Gas & Electric Co.Byron T. Gannaway has been named vice president for fuels management by Texas Independent Energy, a 50-50 joint venture of Panda Energy International Inc. of Dallas and PSEG Global Inc. of New Jersey. He most recently was director of fuels acquisitions with Panda. Fred E. Meisenheimer has been named vice president and controller by Atmos Energy Corp. He joins Atmos from Vartec Telecom Inc., a privately-held telecom services provider,where he was controller and responsible for all accounting and treasury operations.
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