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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

PSEG Proposes 1,100 Megawatt Plant for Ohio

LCG, Jan. 5, 2001--PSEG Power LLC yesterday proposed building a 1,100 megawatt natural gas-fueled, combined-cycle power plant to be located in Arcadia, Ohio.

The Arcadia location is only one of several sites in the Midwest being considered for construction ofmerchant power plants by PSEG Power, the company said. Which sites will be developed depends upon a number of factors, including potential receipt of tax abatements and the obtaining of local and state approvals.

"PSEG Power is looking at a number sites in the Midwest for additional plant construction," saidTim Young, the company's regional director for business development. "A plant of this size bringssignificant economic and tax benefits to the local community. We plan to work with local officials tomaximize these benefits."

At its peak, construction of the plant would employ more than 600 people. it would have about 25 to35 full-time employees once the plant begins commercial operations in 2004.

PSEG Power is a sister company to Newark, N.J.-based Public Service Electric & Gas Co.

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