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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

PSEG Global Invests in Poland's Energy Privatization

LCG, Jan. 24, 2002--Negotiations between PSEG Global and Polish officials will result in the U.S. company's purchase of a 35 percent interest in the coal-fired Skawina CHP plant, in southern Poland.

The deal also includes provisions for PSEG Global to acquire additional shares at closing, which will give it a majority interest in the combined heat and power plant, rated at 590 megawatts for electricity and 618 megawatts for heat. Three distribution companies will utilize the electricity produced, while Krakow will purchase most of the heat.

PSEG is already constructing a CHP plant in Chorzow, Upper Silesia, west of Skawina, Upper Silesia is Poland's most industrialized region. (The Upper and Lower provinces of Silesia are so named based on the area's main river, the Oder.) The Chorzow facility will replace Poland's longest-lived heat and power generator, Elektrownia Chorzow.

Matthew McGrath, vice president and general counsel of PSEG Global, said, "by increasing staff in Poland and reducing staff in London and Italy, PSEG Global has realigned the organization to more effectively pursue opportunities the company is better able to compete for."
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