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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

Oman to Privatize Power, Telecoms, Airport, Mail

LCG, Nov. 20, 2000--The Persian Gulf sultanate Oman plans to split up its electric industry into separate business and sell them to private investors, according to a report published Saturday in the Oman Observer.

Electricity and Water Minister Mohammad bin Ali al-Qetabi told the paper "It will involve the unbundling and corporatization of the ministry's existing activities into a number of separate generation, transmission and distribution businesses."

The Omani government would continue to own and operate the separate businesses until they were on a successful commercial footing before selling them off, Qetabi said. He added that the government was also in the process of privatizing its telecommunication business and its international airport and plans to sell of its postal service. The water sector would remain under government control.

Last week, Oman awarded to AES Corp. of the U.S. a $455 million, 400 megawatt project to build a private power plant in Barka and is expected to sign a concession agreement next month with a consortium of Omani and foreign companies to build a private power plant in Salalah.

PSEG Global Inc. of the U.S. and Royal Dutch/Shell are principal members of the Salalah group.

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