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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

California Energy Commission Approves New Project

LCG, June 18, 2004--The California Energy Commission approved on Wednesday the 1,120 MW, natural gas-fired Tesla Power Plant Project, one of the largest new power plants to be built in California in years. The plant is planned to be built in Northern California near Tracy by Midway Power, a subsidiary of the FPL Group/FPL Energy. This project will be a significant increase of FPL Energy's investment in California, as FPL Energy has financial interests in roughly 1,800 MW of capacity (largely wind) in California. The company is looking for a buyer of the power, and a groundbreaking date is not yet set.

The project was approved on a 4-0 vote. Since California deregulated its electricity system in 1996, the California Energy Commission has approved 49 power plants totaling 20,140 MW. Only 24 of those plants, with a capacity of 8,311 MW, are now operating. "In 2006 and beyond, we're going to need more new generation to keep an adequate surplus to avoid rolling blackouts, so this will help toward that goal," said California Energy Commission spokesman Chris Davis.

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