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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

PG&E Gets Court Okay to Settle Small Claims

LCG, Dec. 28, 2001--Pacific Gas & Electric Co. said yesterday it has received approval from the U.S. Bankruptcy Court to settle most of the 12,800 claims against it, but not authority to pay any of them. Settled claims would be paid following acceptance of a plan of reorganization for the utility.

About 80 percent of the claims filed against the utility are fort amounts less than $100,000, and PG&E will be allowed to settle those. The company will also be allowed to settle some claims for amounts greater than $100,000 but less than $5 million.

The court also approved the utility's request to object to groups of claims on the basis that they are, for example, duplicative, late-filed or have been paid, without waiving its right to assert additional objections to the same claims, if necessary.

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