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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

Pickering Nuclear Unit Reactivated in Ontario

LCG, September 28, 2005--For the first time since December 1997, Unit 1 at the Pickering A nuclear station in Ontario is generating electricity. The 515-MW nuclear reactor, located east of Toronto, is expected to be in full, commercial operation within a few weeks. The unit originally commenced generating power in 1971 and was placed in "voluntary lay-up" in 1997, along with the other three reactors at the station.

The Province of Ontario has been actively pursuing the development of new electricity supplies in order to shut down its coal fleet and reduce related emissions. In July 2004, Ontario Power Generation (OPG) received approval to proceed with a project to refurbish and restart Unit 1. That decision was driven in part by the estimate that it could begin producing power in just 15 months - more rapidly than other supply alternatives - to support the government's planned closure of roughly 7,600 MW of coal-fired generation.

When the project was approved, the estimated cost for the refurbishment project was C$825 million. The current estimated project costs are C$1,020 million. The first of four Pickering A reactors returned to service in September 2003, more than two years late and at a cost nearly three times that approved by the Board of Directors of OPG. In August of this year, OPG announced its decision not to proceed with refurbishing Pickering A's units 2 and 3.

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