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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

Bechtel Completes Panda Temple I Generating Station in Texas

LCG, September 26, 2014-Bechtel announced yesterday that it has completed the 758-MW Panda Temple I Generating Station in Temple, Texas. Panda Power Funds is the owner of the natural gas-fired, combined cycle facility.

Panda Temple I Generating Station is one of four, gas-fired projects ERCOT forecast last May to be completed this summer to add a total of 2,112 MW of capacity to the grid.

Temple I Generating Station is designed for fast starts. The combustion turbines can synchronize in 10 minutes and reach full load within 30 minutes. The entire facility can reach full capacity within 60 minutes.

The facility incorporates a Siemens power island package, including the natural gas turbines, steam turbine and waste heat recovery boilers. Panda Power also plans to complete another combined cycle block, Temple II, that is scheduled to begin operations next year.

"Panda Temple I represents a tremendous team effort, including our consortium partner Siemens and Panda Power Funds, both of which worked seamlessly to bring the plant online early, which was important for our customer' and the community," said the president of Bechtel's thermal power business line. "We are pleased to have delivered a quality plant safely. As a result of a strong safety culture, the team worked the duration of the project without a single lost-time accident."
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