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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

Gulfstream Pipeline Extension in Florida to Begin Construction

LCG, July 16, 2004--Construction on the extension of the Gulfstream natural gas pipeline was initiated this week. When completed, the extension will allow the 1.1 Bcf/day pipeline access to new markets, including power plants, such as the planned expansion of Florida Power & Light's Martin Station. The 110-mile extension of mainline will extend from Polk County to Martin County and will also require construction in Hardee, Highlands, and Okeechobee Counties. The expansion is scheduled to be complete in December 2004.

Gulfstream, a joint development between Williams and Duke Energy, was placed into service in May 2002 and is the first new natural gas pipeline into Florida in over 40 years. The pipeline receives gas from Mobile Bay, East Louisiana and Mississippi before crossing more than 400 miles of the Gulf of Mexico.

The Martin Station expansion proposal calls for converting two combustion turbine peaking units, along with two new combustion turbines, into more efficient combined-cycle natural gas generation providing an additional 800 MW.

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