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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

Cielo's Texas Wind Project Moves Forward

LCG, December 9, 2004--Cielo Wind Power of Austin is negotiating tax benefits with Oldham County officials for a 160-MW wind project planned west of Amarillo, Texas. Excel Energy will purchase the power from the wind farm, which is scheduled to commence operations late next year. Local officials are considering favorable tax arrangements in order to increase the tax base and hope to reach an agreement with Cielo by the end of the year.

According to a spokesperson for Xcel Energy, the transmission capacity in the area is an issue and is approaching limitations. Once the 160-MW wind farm is completed, additional generation cannot be added until a new, 345-kV transmission line is installed. The new transmission line is estimated to cost approximately $50 million and could require roughly three years to complete.

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