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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

Dominion Selects Mitsubishi for New Reactor in Virginia

LCG, May 12, 2010--Dominion Virginia Power announced Friday that it selected Mitsubishi Heavy Industry's Advanced Pressurized Water Reactor (US-APWR) design for its new nuclear reactor sited adjacent to the existing two reactors at the North Anna Power Station, located approximately 60 miles northwest of Richmond, Virginia.

Dominion's announcement stated that it has not yet decided to build a new nuclear unit at North Anna, but expects to make a decision later this year.

The Mitsubishi US-APWR design is now undergoing the Nuclear Regulatory Commission (NRC) certification process.

The chairman, president and chief executive officer of Dominion, the parent company of Dominion Virginia Power, stated, "Dominion Virginia Power is the first utility in the United States to conduct a competitive bidding process for new reactor technology in the past decade. We are pleased with the results of this process. Based on our final analysis of the proposals received in the competitive process, Mitsubishi provided the most attractive value for our customers."

In November 2007, Dominion received an early site permit (ESP) from the NRC for the new reactor. The ESP stated that the site is suitable for a third reactor and provided for a 20-year option for Dominion to consider adding the reactor. Dominion also filed an application with the NRC for a Combined Operating License (COL) to construct and operate the third nuclear reactor at the North Anna Power Station. When the application was filed, it was expected that Dominion would use the GE-Hitachi Nuclear Energy (GEH) Economic Simplified Boiling Water Reactor (ESBWR) design.
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