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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

Southern Announces Another Joint Development Project for New Nuclear Reactors

LCG, March 16, 2006--Southern Company (Southern) today announced that it has executed an agreement with Duke Power (Duke) to jointly pursue the development of a new nuclear power plant at a site in Cherokee County, South Carolina. Duke will be the developer and plant operator, and Southern will be a co-owner of the plant.

Duke had previously announced plans to pursue the development of a new nuclear plant, but the site had not been identified. Now Duke plans to proceed to prepare an application to the Nuclear Regulatory Commission (NRC) for a combined construction and operating license (COL) for two Westinghouse AP1000 reactors to be built at the Cherokee County site. The COL is scheduled to be submitted to the NRC by early 2008.

Last week Southern announced another joint proposal with Tennessee Valley Authority (TVA) whereby the two companies would jointly pursue the construction of two new nuclear reactors at TVA's Bellefonte plant site near Scottsboro, Alabama. The Bellefonte plant would also incorporate the AP1000 design, which includes a generating capacity of approximately 1,100 MW. Similarly, Southern has selected the AP1000 for two new reactors at its existing Plant Vogtle, located in Georgia.

The AP1000 reactor incorporates passive safety features that rely upon natural forces. The NRC approved the Design Certification for the AP1000 standard nuclear plant design on December 30, 2005. Since receiving NRC approval, the AP1000 is leading other reactor vendors and has also been selected by Progress Carolinas, SCANA and Santee Cooper as the basis for additional COL applications to construct new nuclear reactors.

Duke continues to evaluate the preparation of early site permit (ESP) applications for locations in Oconee County, S.C., and Davie County, North Carolina.
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