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News
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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, 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
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.
The River Run Energy Center project will be developed under Basin Electric's Large Load Commercial Program, which is designed to reliably serve new, high-demand energy users and large-scale technology infrastructure, such as data centers, while ensuring developmental and operational costs are covered by the large load that requires them. This structured approach allows Basin Electric to responsibly support regional economic growth and emerging energy opportunities while creating long-term value for its cooperative membership.
In October, the companies submitted an application to the Southwest Power Pool Expedited Resource Adequacy Study process to evaluate interconnection and transmission requirements, a key milestone in advancing the project. If successful, the project is expected to create significant job opportunities, generate substantial tax revenue for local communities, plus minimize electricity rate impacts across the region.
The Governor of North Dakota stated, "This is a win-win for North Dakota. We've always been a leader in responsible growth. By working with industry leaders like NextEra Energy Resources and Basin Electric, we're ensuring North Dakota remains at the forefront of innovation and powering America's growth - creating jobs, attracting technology investment and strengthening our communities for generations to come."
"North Dakota is seeing strong interest from technology and industrial companies, and our Large Load Commercial Program ensures we can meet that demand responsibly," said Basin Electric's CEO and General Manager. "This project, developed through the Large Load Commercial Program, creates the framework needed to serve new, high-demand energy users, like data centers, while insulating existing cooperative members from significant cost increases."
"NextEra Energy Resources is excited to collaborate with Basin Electric and its cooperative members to deliver a cost-effective American energy solution that supports innovation and economic growth," said NextEra Energy Resources' President and CEO. "This structure where data centers essentially fund their own generation, which we are using nationwide, and most recently in Iowa at our Duane Arnold facility, enables North Dakota to attract technology infrastructure, creating thousands of jobs and billions in economic impact."
"Basin Electric and NextEra Energy Resources' collaboration reflects the Trump Administration's forward-thinking approach needed to responsibly support technology growth," said the U.S. Department of Interior Assistant Secretary for Land and Minerals Management. "Under Secretary Burgum's leadership, we are enabling data centers and other large-scale technology users to fund their own generation. This model supports innovation, strengthens America's energy security and helps keep electricity affordable for consumers - all while positioning the U.S. to lead in the global AI race."
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The Locational Marginal Price Model (LMP) Network Power Model
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