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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

EU Proposal Would Open Electric Market For Corporations

LCG, Mar. 5, 2002--France vetoed a proposal for full liberalization of electric and natural gas markets in order to protect the residential market.

EU financial ministers were drafting a proposal for the March 15 and 16 Barcelona summit that included the complete liberalization of electric and natural gas markets, but France found the proposal unacceptable . While all other EU members want complete liberalization, the French are loath to disrupt their pre-election political climate by worrying consumers over residential service.

Corporate customers will have a choice in electricity suppliers in 2003 and gas in 2004, according to the new proposal, although the EU's executive commission and other EU countries want complete deregulation by 2005.

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