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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

Florida PSC Approves Energy Contract for Biomass Power Plant

LCG, February 13, 2008--The Florida Public Service Commission (FPSC) yesterday approved a second, 20-year, power purchase agreement (PPA) between Progress Energy Florida (Progress) and BG&E Florida (BG&E) for firm capacity and energy from a planned power plant that will be fueled by biomass. BG&E will operate the power plant as a Qualifying Facility ("QF") pursuant to regulations of the FPSC.

The plant electric generating capacity will be 75 MW, and the fuel will include waste wood products such as yard trimmings, tree bark and wood knots from paper mills. The project is scheduled to commence operations by June 1, 2011. BG&E will build, own and operate the facility.

The FPSC approved a PPA between Progress and BG&E for a similar biomass power plant in November of last year. Operations for this plant are scheduled to commence by January 1, 2011. The initial facility will also have a maximum generating capability 75 MW and use a gasified biomass product as its primary fuel.
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