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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

Top Officials at CA ISO Resign

LCG, June 4, 2004--The chief executive of the California Independent System Operator resigned this week, as did Elena Schmid, who served as the vice president of corporate and strategic development.

Terry Winter was formerly an executive at San Diego Gas & Electric Co., and experienced criticism when he sought a Federal Energy Regulatory Commission ruling to abandon wholesale price caps, so that more suppliers would bid to sell electricity to California. Winter said that he was under no pressure from Gov. Schwarzenegger or the Board of Governors of the ISO to resign.

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