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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

Dominion Energy Virginia Receives Approval to Add Nearly 1,000 MW of Clean Energy

LCG, March 17, 2022--The Virginia State Corporation Commission (SCC) approved on Tuesday an expansion of solar and energy storage projects approaching 1,000 MW for Dominion Energy Virginia customers. The approved expansion includes 15 Dominion Energy Virginia projects, plus power purchase agreements (PPAs) with 24 other projects owned by third-party developers.

The projects developed by Dominion are scheduled to be completed in 2022 and 2023, adding approximately 665 MW of solar capacity and 70 MW of storage capacity.

The president of Dominion Energy Virginia stated, “This is another significant milestone in Virginia's transition to energy independence. These projects will support thousands of good jobs and hundreds of millions in economic activity in communities across Virginia. This is a positive step forward for our customers, the environment and Virginia's economy.”

The projects will advance Dominion Energy down its path toward net zero greenhouse gas emissions while meeting the future energy needs of its customers.

In 2020, the State of Virginia passed the Virginia Clean Economy Act (SB 851) that calls for Dominion Energy Virginia and the smaller Appalachian Power Co. to (i) supply 30 percent of their power from renewables by 2030 and (ii) close all carbon-emitting power plants by 2045 for Dominion and by 2050 for Appalachian.
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