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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

PJM to Become RTO

LCG, December 18, 2002-Electricity grid operator PJM Interconnection LLC received approval from the Federal Energy Regulatory Commission to become a regional transmission organization (RTO).

FERC's approval is part of the commission's larger plan to create a national grid connecting the electricity markets across the country. FERC noted, however, that PJM should improve its connections with the neighboring Midwest Independent System Operator.

FERC will conduct a meeting in October of next year to address transmission and trade between these two neighboring regions.

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