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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

Mirant Plans 1,200 Megawatts for North Carolina

LCG, Aug. 28, 2001--Mirant Corp. said yesterday it plans to develop a 1,200 megawattnatural gas-fired power plant in Gastonia, N.C., the first in the state for the Atlanta-based company.

Gastonia Mayor Jennie Stultz, said she learned about Mirant's plans Friday but was sworn to secrecy. "I was so happy that I had to leave town so I couldn't tell anybody," she said yesterday at a Mirant news conference announcing the plant. "We welcome you."

The project will be the largest merchant plant in North Carolina, which this year dropped a requirement that merchant plants need a contract to sell power to utilities before getting regulatory approval.

Mirant said construction of the facility is scheduled to begin early in 2002 with commercial operation scheduled for summer 2004.

"North Carolina's energy needs continue to grow, and this site was specifically chosen because of its location in the rapidly developing Gastonia-Charlotte region and the I-85 corridor," said David Rozier, chief executive of Mirant's southern U.S. operations.

"Mirant will use its marketing and risk management capabilities to manage the fuel going into the plant and the electricity coming out of it," he added.

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