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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

Recurrent Energy Achieves Commercial Operation of 100-MW Mustang Solar Power Project

LCG, August 25, 2016--Canadian Solar Inc. Tuesday announced that its wholly owned subsidiary, Recurrent Energy, has reached commercial operation of the Mustang solar photovoltaic (PV) power project, which is located on a 1,000-acre site in Kings County, California. The renewable energy generated by the 100-MW project will be sold under long-term power purchase agreements (PPAs) to Sonoma Clean Power and MCE.

Canadian Solar;s Chairman and Chief Executive Officer stated, "The commercial operation of the Mustang solar project continues a historic year that will see Recurrent Energy complete more than one gigawatt of U.S. solar photovoltaic (PV) projects."

Canadian Solar acquired Recurrent Energy, the solar project developer, from Sharp Corporation for $265 million early last year. Recurrent Energy announced that it had secured financing for the Mustang solar power project last September.
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