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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

Russians Considering Gas Market Privatization

LCG, November 5, 2002On December 19 Russian officials will meet to discuss liberalizing the Russian gas market.

Deputy Minister for economic trade and development Andrei Sharonov has said steps need to be taken as the government monopoly OAO Gazprom has failed to increase efficiency and sell assets.

Liberalization is directly linked with Russias bid to enter the World Trade Organization and the country has said tariffs on domestic product may be increased by twenty percent as an initial move to close the gap between foreign and domestic gas prices.
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