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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

Nuclear Power Project Looks Dead

LCG, Oct. 2, 2000Taiwan's economics minister has recommended that construction be halted on the controversial $5.43 billion, two-unit, 2,700 megawatt nuclear power project that would be the island's fourth nuclear plant, Taipei newspapers reported yesterday.

Lin Hsin-yi said, in delivering his long-awaited report to the cabinet, that he believed alternative sources of electric supply could be found. Officials at Taiwan Power, the government-owned electric utility, said that the minister's recommendation could prove fatal to the project.

Chen Shui-bian, president of the Republic of China, had promised shortly before he was elected last March that he would oppose the nuclear project. But Tang Fei, the premier who is subordinate to Chen, has said he might step down if the plant is scrapped. Legislators could also save the project.

Yu Sheng-hsiung, nuclear communications director of Taiwan Power, said killing the project would cost the company an additional $960 million on top of the $1.6 billion already spent. There is also the matter of a $1.8 billion contract with General Electric Co. of the U.S. for the two reactors.

The nuclear project has suffered intense opposition from environmental organizations which have stirred fears among island residents of the catastrophic effects of a serious accident..

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