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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

Department of Interior Approves Cape Wind Project

LCG, April 30, 2010--The U.S. Department of Interior Wednesday approved the Cape Wind offshore wind project proposed for Nantucket Sound off the coast of Massachusetts. The project developer, Cape Wind, has pursued government approval since 2001 and completed State and local permitting in 2009.

The 468-MW wind project will include 130 wind turbines and will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. The project developer plans to commence construction by the end of the year.

The Department of Interior will require additional measures to minimize the potential adverse impacts, such as changing the design and configuration of the wind turbines to diminish the visual effects and to conduct additional seabed surveys to ensure submerged archaeological resources are protected. Revisions include reducing the number of turbines from 170 to 130 and moving the wind farm further from Nantucket Island. The turbines will be painted off-white to reduce contrast with the sea and sky yet remain visible to birds.

Approval for the Cape Wind project is still needed from the Federal Aviation Administration, as the turbines may interfere with tower-to-aircraft transmissions.

On March 31, Cape Wind announced that it had entered into an agreement with Siemens to supply 130 3.6-MW turbines for its offshore wind farm.
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