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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

Newsmakers

Ann Curtis has been promoted to vice chairman of Calpine Corporation. Curtis, who has been in the power industry for over 20 years, founded Calpine Corporation, and led its initial public offering, the largest IPO in the independent power industry at that time.

Robert D. Kelly has been promoted to executive vice president and chief financial officer of Calpine Corporation. Kelly succeeds Ann Curtis in that role. Kelly will continue as president of Calpine Finance Company. Before joining Calpine in 1990, Kelly was marketing manager of Westinghouse Credit Corporation, starting the Energy Finance Division's Western Region.

Calpine Corporation has promoted Eric N. Pryor to the dual positions of deputy chief financial officer and chief risk officer for Calpine Corporation. Pyror joined Calpine in 1995 as a senior analyst, and was recently senior vice president of finance.

The board of the Ohio Electric Utility Institute (OEUI) announced that it has elected Greg Ficke as a director and vice chairman of OEUI, the non-profit state trade association representing investor-owned electric companies in Ohio. Fice is president of the Cincinnati Gas & Electric Company, a subsidiary of Cinergy Corp.

Jane F. Kelly has been elected assistant corporate secretary and assistant counsel for South Jersey Industries and corporate secretary for South Jersey Energy. Kelly has served as the executive director of the New Jersey Utilities Association and assistant counsel to former Governor Thomas Kean.

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