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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

Silicon Valley Utility to Build Third Plant

LCG, Sept. 15, 2003--A proposed power plant with a capacity of 150 megawatts was granted approval by the California Energy Commission, and may go online in the Silicon Valley town of Santa Clara in 2004.

The plant will be built by Silicon Valley Power, a municipal utility that first filed an application two years ago. The site of the plant would be in an industrial area of less than 3 acres, south of Highway 101.

Silicon Valley Power customers have not had a rate increase for the past decade, nor should they expect one. Supply from the new plant, which is the third to be built by the utility, will make up for the expiration of a long-term contract with the Western Area Power Administration. Rates are currently 40 percent below those in surrounding towns.
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