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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

PG&E Starts Construction of Power Plant in Antioch

LCG, January 25, 2007--Pacific Gas & Electric (PG&E) announced yesterday that construction has commenced at its Gateway Generating Station, located in the Bay Area near Antioch, California. The gas-fired power plant will have an electric generating capacity of 530 MW.

PG&E completed the acquisition of the partially built facility in November of last year as part of a settlement agreement with Mirant related to claims of market manipulation. The facility was previously known as Contra Costa Unit 8.

PG&E plans to invest an additional $370 million to complete the project, and commercial operations are scheduled to start in 2009.

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