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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

UK Reveals Tidal Power Prototype

LCG, June 18, 2002--United Kingdom Energy Minister Brian Wilson presented a new electricity generator which uses the power of ocean tides.

The "Stingray" uses the kinetic energy from moving ocean water and transforms it into electricity by way of a hydraulic motor.

Engineering Business Ltd., which is developing the project, will move the prototype generator out to a seabed near Shetland. The company plans to build several similar generators if the Stingray is successful.

The British government gave GBP1.1 million to the project as part of an attempt to create a GPB1 billion renewable energy market within the next 8 years.

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