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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

EnergyOnlines weekly wrapup of the goings and comings of key people in the energy industries.

Debra L. Lee, president and chief operating officer of BET Holdings II Inc., has been elected a director of Washington Gas Light Co. BET is a multi-media firm that owns and operates Black Entertainment Television, and other assets.

Nancy Morovich has been named vice president for investor relations by Entergy Corp., replacing E. Renae Conley, who was recently named president and chief executive of Entergy Louisiana. Morovich most recently was chief financial officer for utility operations.

Joseph M. Russo has joined Niagara Mohawk Power Corp. as vice president for public affairs and corporate communications. He was most recently vice president for corporate affairs with The Hertz Corp., a subsidiary of Ford Motor Co.

Clark C. Smith has been named president of El Paso Merchant Energy Co., the energy sales, trading, and risk management unit of El Paso Energy Corp. He replaces Greg G. Jenkins, who has become president and chief executive of El Pasos telephone business.

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