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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 Energy Plan Opens Market

LCG, March 18, 2002-After France conceded, the European Union came to the decision to open energy markets.

Over the past weeks France has been avoiding giving in to pressure from the rest of the EU regarding creating a free market to replace its state-run energy industry. However, France conceded this past Saturday at the EU summit, and European energy markets will be opened to competition.

Officials from pre-election France were hesitant to take up free-market initiatives and were not convinced that competitive markets would improve service. The EU has planned to make decisions sometime this year regarding how governments will protect non-commercial energy supply to the public, an issue France has insisted be addressed.

The EU will allow private gas and electricity companies to operate freely within the 15 participating nations beginning in 2004.

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