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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

Hydro Plant from 1800's Likely to Operate Again

LCG, Apr. 11, 2003--A small but distinguished hydro plant on New York's Hudson River could begin producing power again, with the approval of regulators.

The Mechanicville plant began operating first in 1898, and was shut down in 1997 due to a protracted legal conflict between co-owners Niagara Mohawk and Fourth Branch Associates, over whether to retain or sell the facility. Recently, Niagara Mohawk has offered to release its interest, and Fourth Branch hopes to produce power by Labor Day. Niagara has wanted to exit the generation business, while a principal of Fourth Branch, James Besha, had reason to believe that the Federal Energy Regulatory Commission would take actions that would lead to the dismantling of Mechanicville.

"This will be its third century in which it will operate," said Besha of the 4.5-megawatt plant. A noteworthy engineer with General Electric, Charles Steinmetz, assisted in the plant's design in the nineteenth century. Mechanicville is found on the National Register of Historic Places. The legal settlement provides for a joint effort to obtain a license for further operations. Should the license be granted, the transfer would then take place.
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