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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

Capacity Increase Planned for North Dakota Wind Farm

LCG, January 23, 2007--Minnesota Power announced Friday plans to purchase wind power from the Oliver Wind II Energy Center that is to be constructed in North Dakota. The wind project will be built, owned and operated by a wholly owned subsidiary of FPL Energy. The project, which has a design generating electric capacity of 48 MW, is scheduled to be operational by the end of this year.

The Oliver Wind II Energy Center is sited adjacent to the new Oliver Wind I Energy Center, which has a generating capacity of 50.6 MW and commenced operations last month. Minnesota Power purchases all of the output from Oliver Wind I under a long term purchase agreement and will purchase all of the power from Oliver Wind II.

The plans for the Oliver Wind II Energy Center consist of 32 wind turbines, each with a design capacity of 1.5 MW. The turbines are to be manufactured by General Electric.
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