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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

Peruvian Utility Bids Extended Until May

LCG, March 13, 2002-Canadian, Spanish, and Columbian companies have been given until May 30 to bid on electric concessions in Peru.

Peru's government, headed by President Alejandro Toledo, is offering investment in four electricity generators in northern and central Peru, hoping to reach $700 million in privatization receipts by the end of the year. Companies have an extra month to bid on stakes in Electro Norte, Electro Norte Medio, Electro Centro, amd Electro Noroeste since Peru's privatization commission has extended its offer from the previous April 23 deadline.

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