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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

Samsung and Siemens Sign Wind Turbine Supply Agreement for Ontario Projects

LCG, August 12, 2010--Siemens Energy and Samsung C&T Corporation announced Tuesday that they have executed an agreement for the supply of wind turbines with a total capacity of up to 600 MW. The wind turbines will be used in projects planned for Southern Ontario.

Siemens will also manufacture turbine blades at a new site in Ontario, boosting its North American production capacity. Siemens has invested in a nacelle manufacturing facility in Hutchinson, Kansas that is scheduled to commence production in December 2010.

In January, the Ontario government announced that it signed an agreement with a Korean consortium to invest C$7 billion to generate 2,500 MW of wind and solar power. The consortium, led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO), was to work with major partners to attract four manufacturing plants related to wind and solar technology for use in Ontario and export to the United States.
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