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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

UTC Receives Innovation Award for Geothermal Power Technology

LCG, June 20, 2008--UTC Power, a subsidiary of United Technologies Corporation, received the National Energy Resources Organization's (NERO) annual Innovation Award for its PureCycle geothermal system, which uses low-temperature geothermal energy from hot water to generate electricity.

The PureCycle system is designed for relatively small temperature differentials and uses an organic Rankine cycle-based power system with refrigerant rather than steam to generate power in a closed system that has essentially no emissions.

Since 2006, the PureCycle geothermal system has operated using a 165 degree F geothermal source at Chena Hot Springs Resort in Alaska as a U.S. Department of Energy Geothermal Technologies demonstration project. The ability to utilize low temperature differentials expands the potential locations where geothermal energy may be exploited.

NERO is a non-partisan organization whose mission is to engage in dialogue on energy issues, recognize outstanding achievements, and promote public awareness.
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