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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

Senators Seek Waste Disposal Budget Cuts

LCG, March 20, 2002-Senator Harry Reid said he may limit the nuclear waste disposal budget, which includes the Yucca Mountain project.

In a hearing on Friday Senator Reid and Senator Pete Domenici said to expect Congress to cut the nuclear waste disposal budget.

Attempts to slow the budget may prevent the government from moving on the Yucca Mountain project, which was already approved by President Bush. According to the Las Vegas Review, those involved with the project say they have had to delay applying for a license with the Nuclear Regulatory Commission until 2004.

In 2001 Senator Reid created an energy bill decreasing the nuclear waste disposal budget by 38 percent or about $170 million. His proposed decrease in spending was not passed and $375 million was allotted, still less than the $445 million requested and the eighth consecutive annual decrease in the nuclear disposal budget.

The Yucca Mountain repository is slated to open in 2010.

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