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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

Jersey Town Okays Con Edison 500 Megawatter

LCG, Aug. 30, 2001--The power project development unit of Consolidated Edison Inc. said yesterday that it had received unanimous approval from the planning board of the south central New Jersey city of Lakewood for a 500 megawatt peaking power plant to be built in the community.

Con Edison Development said in a news release that its Ocean Peaking Power unit would invest about $220 million in the natural gas-fueled project, which will be built adjacent to a 236 megawatt cogeneration plant owned by another affiliate in Lakewood.

The new peaking plant is expected to operate only during periods of highest demand, or about 1,000 hours per year, the company said.

Con Edison Development said it would begin construction on the plant later this year, but did not venture a prediction of when it would begin commercial operation.

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