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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

Calpine Builds Momentum for Bay Area Power Plant

LCG, January 9, 2007--Calpine Corporation (Calpine) announced Friday that it has executed a ten-year tolling agreement with Pacific Gas & Electric Co. (PG&E) for the Russell City Energy Center, a proposed 600-MW, electric generating station to be built near Hayward, California. Calpine plans to commence construction of the gas-fired facility by spring 2008, with commercial operations to start by June 2010.

The Russell City Energy Center was proposed in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. Now the energy outlook has changed, and California's demand for electricity is growing.

Calpine sold a 35 percent equity interest in the plant to General Electric Energy Financial Services in the fall of last year, with Calpine retaining 65 percent ownership.






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