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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

Lightning Knocks Out Canadian Hydro Plant

LCG, June 6, 2001The Akolkolex Hydroelectric Plant near Revelstoke, British Columbia was struck by lightning late Monday, causing a fire in the control room. The plant shut down according to plan under its emergency systems, operators said.

It was the first major property damage at the plant in more than six years of operations, according to Canadian Hydro Developers Inc. The company said it appears initially that the damage was limited to the control panels, with the generator and turbine remaining unharmed. Canadian Hydro will order new control equipment and have it installed "without delay."

Ross Keating, president of Canadian Hydro, said "It is very disappointing that this damagehas occurred during the spring runoff period. We will be doing our best to be back on line as soonas possible."

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