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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

NRC Gives Initial Approval for Nuke License Renewals

LCG, June 17, 2002-T-he Nuclear Energy Regulatory Commission gave Duke Energy and Dominion Resources preliminary approval to extend the operating licenses of the Catawba and North Anna plants.

Dominion's 40-year licenses for units One and Two of North Anna will, if officially approved, be extended to April 2018 and August 2020 respectively. The Virginia plant provides 1,842 MW of capacity.

NRC also gave preliminary approval to Duke Energy Corp. for its Catawba nuclear plant, located in South Carolina.

The 2,258 MW plant will likely have its license extended to December 2024 and February 2026 for units One and Two.

NRC is willing to give the extensions based on environmental impact assessment, and the Commission is leaving environmental impact statements open for public comment until August. The closing date for input is August 23 for the Catawba plant and August 1 for the North Anna plant.

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