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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

Electric power technology corporation Cummins Inc. declared Susan Carter as Vice President - Corporate Controller on March 18, replace Bob Crane, who served Cummins for 25 years. Carter had been part of Honeywell for six years, most recently as Vice President and Chief Financial Officer, Transportation and Power Systems.

Dixie Barrett has been appointed as vice-president of trading services for Platts. Barrett previously served as vice-president of electronic trading services at Altra Energy Technologies.

Theodore Bennett will take over as corporate vice president of Oklahoma's Kerr-McGee Corporation. Bennet formed a human resources consulting firm last year and has served in executive positions at Comerica and Coca-Cola.

American Electric Power appoints vice president and associate general counsel. Hartsoe has been an attorney with the Federal Energy Regulatory Commission for eight years as well as holding positions at United Gas Pipeline Company, Enron, and Electric Power Supply Association.

Daniel E. Merchant II will become vice president of business development for Primen, a Wisconsin energy firm. Merchant has served as vice president of sales for USPowerSolutions and in various positions at Enercom.

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