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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

Enron Can Sell Portland General Electric Co.

LCG, Feb. 13, 2002--The sale of Portland General Electric Co., the Oregon utility, by Enron Corp. was allowed by the Federal Energy Regulatory commission on Wednesday.

Enron bought PGE in 1998, and had agreed on a sale to Northwest Natural Gas in October. The former energy giant had purchased Oregon's largest utility for $2.1 billion in 1998. Northwest Natural Gas is the state's largest natural gas utility, and serves 530,000 customers in Oregon and Washington.

In order for the deal to be finalized, it will have to also be approved by the Securities and Exchange Commission. Most significantly, the sale would raise cash for Enron's creditors.
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