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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

Newsmakers

Bruce R. Albertson, president and chief executive officer of Zip drive maker Iomega Corp., has been named to the board of directors of MDU Resources Group Inc.

Judy M. Anderson has been named a senior vice president of Georgia Power Co. and president of the Georgia Power Foundation Inc. She was also elected president of the SouthernCompany Charitable Foundation Inc. Anderson most recently was Georgia Power's vice president and corporate secretary.

Gary Ely, president and chief executive of Avista Corp., has been elected to the additional post of chairman, succeeding Larry Stanley, who is retiring. Ely is a 34-year veteran of the company and its predecessor, Washington Water Power Co.

Peter Kelley, president and chief operating officer of Southern Union Co., has resigned for health reasons and been replaced by Thomas Karam, who currently heads PG Energy, Southern Union's Pennsylvania division.

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