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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

Ann Cohn has been named Vice President of the Americas region and Associate General Counsel for Edison Mission Energy. She is currently an Associate General Counsel at Southern California Edison, where she has been since 1980.

Michael Peevey will take a position on the California Public Utility Commission, replacing Richard Bilas, who has been on the Commission since 1997. Peevey has held posts at Edison International in addition to being president of energy service company NewEnergy Inc., and chief executive of TruePricing Inc.

George A. Williams, previously general manager of nuclear assurance at the PPL Susquehanna nuclear power plant in Berwick, Pa, will become vice president of operations support for Entergy Nuclear's South region. He has held various nuclear power-related posts, including general management positions at Carolina Power & Light Company.

Washington's Puget Energy announced today that Douglas P. Beighle will replace William S. Weaver as chairman of the board. Senior vice president of Boeing Beighle retired in 1997 and currently serves as a director of Washington Mutual Bank and Simpson Investment Company.

Phil Dandridge has been elected to the position of Chief Financial Officer of Edison Capital after serving as vice president of finance since 1998. He has also served as treasurer for Boeing Capital Corporation.

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