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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

Regulators Block Proposed 500 Megawatt Plant

LCG, Aug. 31, 2000A siting committee of the California Energy Commission has recommended that construction of a new 500 megawatt power plant proposed for the middle of a played-out 74-square mile oil field not be approved because the well water used for cooling might be suitable for drinking.

Never mind that there is no one in the middle of that oil field with an empty canteen and that the water might not be suitable for drinking, the committee wants to hold some more hearings on the power plant's water supply.

On August 2, California Gov. Gray Davis issued three executive orders in response to concerns over the state's electric system. In one of them, he imposed a 100-day limit on the permitting process for electric power plant construction proposals. He noted that no deadline existed at present and in some cases granting of a permit had taken more than a year.

The siting committee will hold a hearing on the water supply for the proposed Elk Hills power plant on September 14, in Sacramento.

In a separate case, another California Energy Commission siting committee has recommended approval of a proposal by Duke Energy Corp. to add 1,060 megawatts generating capacity to the Moss Landing power plant it purchased from Pacific Gas & Electric Co.

The new gas-fired, combined-cycle units Duke plans to install will be cooled by seawater. In its decision, the siting committee specified that Duke pay $7 million to make sure that fish weren't adversely affected by the use of their water.

In an editorial Tuesday, the Wall Street Journal observed that "not in by back yard," or NIMBY, has in California given way to BANANA, or "build absolutely nothing anywhere near anyone."

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