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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

Quebec Approves New Gas-Fired Power Plant

LCG, July 6, 2004--The Quebec government approved the province's first major gas-fired generating facility, the Becancour cogeneration plant, which is scheduled to commence operations in 2007. The plant, located roughly midway between Montreal and Quebec City, is deemed necessary to meet Quebec's forecast electricity demands. Calgary-based TransCanada Corp. is contracted to build the Becancour plant, estimated to cost $500 million, for Hydro-Quebec.

A decision to approve another gas-fired plant Suroit will be delayed, likely into 2005, due to protests and opposition from environmentalists and locals. Historically Quebec has relied almost entirely upon hydro electricity to meet its energy requirements, with surplus electricity to export as well.

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