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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

Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar. The project, Fighting Jays Solar, was sold July 22 and is expected to break ground by summer 2022, according to the companies' press release.

Earlier in the month, Shell Energy North America entered into a long-term hedge agreement with the project to purchase power.

The day after the sale was complete, Copenhagen Infrastructure Partners issued a Notice to Proceed to Centerpoint Energy to start construction on a substation that will permit interconnection with ERCOT.

The sale was initially announced in March. At that time the project was slated to be 440 MW and to break ground in 2020. Financial details have not been released.

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LCG Consulting of Los Altos, California was commissioned by Rohit Ogra, Co-Founder of AP Solar, to perform an economic analysis to assess the plant performance and congestion risks using LCG’s proprietary UPLAN Network Power Model and PLATO data model for ERCOT.

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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service