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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

FERC Okays Illinois Gas Pipeline Project

LCG, July 18, 2001Kidder Morgan Inc. unit Natural Gas Pipeline Co. of America and Nicor Inc. jointly announced yesterday that the Federal Energy Regulatory Commission has approved their $79 million Horizon natural gas pipeline project in northern Illinois.

The Horizon Pipeline Co. will build 27 miles of 36-inch diameter pipe and lease 46 miles of existing pipeline from NGPL. The new facilities and leased capacity will allow Horizon to transport 380 million cubic feet of natural gas per day from near Joliet into McHenry County, connecting the emerging supply hub at Joliet with the northern part of the Nicor Gas distribution system and an existing NGPL pipeline.

Kinder Morgan chief executive Richard D. Kinder said "The project serves as a response to the great need for additional natural gas in the growing northern Illinois market, including supplies for proposed new electric power generation projects."

Thomas L. Fisher, chief executive of Nicor, said Horizon would use existing right of way, which will "reduce the environmental impact and landowner concerns about construction."

The companies said land acquisition is currently underway and construction on the pipeline is expected to begin in the fall of 2001, with completion projected in 2002.

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