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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

San Jose's Coyote Valley Has Metcalf Ground-breaking

LCG, June 21, 2002--Today, a ceremony to mark the start of construction on developer Calpine Corp.'s 600-megawatt Metcalf Energy Center takes place in North Coyote Valley, a rural area to the south of urban Silicon Valley.

The plant was approved 10-1 by the San Jose City Council, and received the support of Mayor Ron Gonzales, who will attend the ceremony with other local and state officials. The City Council had earlier voted unanimously in opposition to the plant, for reasons of inconsistencies with zoning rules. Gonzales had announced his opposition to having a plant near residential areas for a full year. The California Energy Commission's support of the plant, which based its assessment on the San Jose area's being "among the most generation deficient areas in the state," brought a reversal from the Council and Gonzales.

The gas-fired Metcalf Energy Center will be implemented as a combined-cycle configuration with advanced emission controls. It received an endorsement from the Loma Prieta Chapter of the Sierra Club, and is expected to begin producing baseload power in the summer of 2004.
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