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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

Californians on Power: 'What, Me Worry?'

LCG, Dec. 26, 2000The California Independent System Operator declared electric power emergencies all week last week, as it has been doing seemingly without interruption since May, but Californian's haven't seemed to get the message.

Northern California's big investor-owned utility, Pacific Gas & Electric Co. has been forced to dig itself into a financial hole approaching $5 billion by paying market prices for electricity that it then sells to its retail customers at rates frozen at a level 10 percent below 1997 rates. Californians seem not to care how much power costs, as long as someone else pays for it.

The San Francisco Chronicle last week provided its readers with a photograph that illuminates the problem. Taken by Chronicle photographer Frederic Larson from Treasure Island, the photo shows the city's downtown ablaze with millions of lights.

Ten 100-watt light bulbs add up to a kilowatt. Ten thousand add up to a megawatt, and so on. That splash of light on the pier at lower right looks like a few megawatts, and a pier doesn't need to be lit up like that.

Larson's photograph was intended to convey the spirit of the holiday season, but you get the picture.

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