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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

Tampa Electric Affiliate Puts Plant On-line in Virginia

LCG, Aug. 15, 2000--An affiliate of Tampa Electric Co. threw a party yesterday morning to dedicate about half of a power plant in Accomack County, Virginia, which is across the Chesapeake Bay from the rest of the state.

The 312 megawatt Commonwealth Chesapeake Power Station is being built by Teco Power Services Corp. in two phases, and yesterdays ceremony celebrated commercial operation of the 135 megawatt first phase. The second phase is scheduled to begin production next June.

The plant was dedicated by Sen. John Warner, a Virginia Republican, and former Commerce Secretary Robert Mosbacher, whose company, Mosbacher Energy Co. is affiliated with the plants developer.

Power from the plant is sold into the PJM wholesale market, the largest centrally dispatched electricity control area in North America.

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