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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

Panda Energy to Construct Gas-fired Power Plant in Texas

LCG, December 5, 2007--Panda Energy yesterday announced plans to construct a combined-cycle power plant in Temple, Texas. The 1,000-MW electric generating facility will be fueled by natural gas.

Panda has filed a request for an air permit with the Texas Commission on Environmental Quality. Assuming favorable financing and regulatory approvals, Panda expects that it will require about 24 months to build the facility.
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