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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

FPL Energy Wants to Own 50 Percent of Nuclear Operator

LCG, Sept. 15, 2003--FPL Energy has reached an agreement with British Energy concerning the price at which it could acquire British Energy's 50-percent stake in the nuclear power-plant operator AmerGen Energy.

The deal, worth $276.5 million, would need to receive approval by the other owner, Exelon Corp., a Chicago-based utility holding company. Unless Exelon exercises its right of first refusal within 30 days, FPL Energy, a subsidiary of FPL Group, would be able to complete the purchase in the first quarter of 2004. FPL Energy would receive $8.3 million from Exelon if the purchase was refused.

AmerGen Energy operates nuclear plants in Clinton, Ill., Middleton, Pa., and in Lacey, New Jersey. The three plants have a total capacity of 2,480 megawatts. FPL Energy currently owns one nuclear plant in Seabrook, N.J., as well as approximately 90 other gas-fired and wind-powered generating units across the country.
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