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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

Mirant Moves into Puerto Rico Energy Market

LCG, Aug. 1, 2001--Mirant Corp. said yesterday it will purchase a 540-megawatt power plant and a liquefied natural gas terminal operated by Puerto Rican-based EcoElectrica Holdings Ltd. The move will put Mirant into Puerto Rico for the first time.

Mirant will acquire 100 percent of EcoElectrica from its owners, Edison International Inc. and Enron Corp., for about $586 million cash and will assume liabilities of $600 million, the company said.

A Mirant spokesman said in a company news release that the LNG terminal would continue to provide gas for the power plant and that there were no plans at this point to begin exporting LNG from the terminal to other market in the U.S., the Caribbean or Latin America.

Mirant's presence in the Caribbean includes ownership and operation of power plants in Jamaica,Trinidad and Tobago, and the Bahamas.

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