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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

Palomar Energy Project Breaks Ground

LCG, July 23, 2004--With California's electricity demand setting new peak records, groundbreaking ceremonies were held for the Palomar Energy Project, a 550-megawatt power plant in Escondido, California. The plant is being built by Palomar Energy LLC, a subsidiary of Sempra Energy Resources. SDG&E, a regulated utility and subsidiary of Sempra Energy, will purchase and operate the plant upon completion, which is scheduled for mid-2006.

The natural gas-fired, combined cycle plant includes two combustion turbine-generators equipped with dry low combustors and evaporative inlet air coolers, two heat recovery steam generators equipped with duct burners, a steam turbine-generator and associated auxiliary systems and equipment. The project includes a new 230 kV switchyard connecting with an existing SDG&E electric transmission line located immediately adjacent to the project site.

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