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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

NextEra Energy Transmission Submits Offshore Wind Transmission Proposals to Serve New Jersey

LCG, November 5, 2021--NextEra Energy Transmission Mid-Atlantic Holdings, LLC, a subsidiary of NextEra Energy, Inc., yesterday announced that it has submitted multiple proposals, collectively called the New Jersey Seawind Connector, into the PJM State Agreement Approach Proposal Window.

NextEra Energy Transmission stated that the proposals are all cost-effective, help New Jersey meet its future energy needs, and designed to minimize environmental and marine impacts.

NextEra Energy Transmission’s president said, “For more than 20 years, NextEra Energy companies have been supporting New Jersey's energy needs. As the largest generator of renewable energy from the wind and the sun in the world, we support and applaud New Jersey's clean energy goals. We believe no one in the industry can match our experience and unique skillset and we look forward to participating in this project.”

According NextEra, the proposals submitted considered a number of different injection locations and designed routes to minimize marine and environmental impacts. The proposals are designed to provide reliable and cost-effective delivery of offshore wind energy to New Jersey electric customers at significant savings compared to current transmission plans.

The New Jersey Board of Public Utilities (BPU) will analyze a number of factors to evaluate the proposals and may select one or more proposals to move forward with development and construction in the second half of 2022.
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