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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

Generators Say Refund Hearings a 'Show Trial'

LCG, Sept. 5, 2001--Federal hearings into possible refunds owed to Pacific Northwest utilities by independent power producers were branded yesterday as a "show trial" by generators, who denied they had overcharges for electricity sales to utilities in the region.

Puget Sound Energy Co., the cities of Seattle and Tacoma, and many other municipal utilities have banded together to demand about $1.5 billion in refunds from power purchases made earlier this year as a long drought severely cut available hydroelectric power in a region dependent on its rivers for plentiful electricity.

Carmen Cintron, an administrative law judge for the Federal Energy Regulatory Commission, this week began several days of hearings on the possible refunds. The case is separate from a similar one in which California is demanding $8.9 billion in refunds.

Dan Waitkiss, a lawyer representing the power producers, said "We overcharged no one." His clients include Enron Corp., Arizona Public Service Co. and Idacorp Inc, parent holding company for Idaho Power Co., among others.

Waitkiss complained that his clients were not given sufficient time to prepare for the hearings. "This is really being reduced to a show trial," he said.

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