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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

Millstone 3 Nuclear Plant Runs 585 Days at 99.9 Percent

LCG, June 5, 2001As Northeast Utilities' 1,154 megawatt Millstone Unit 3 nuclear power plant coasted down for a refueling outage Saturday, the company said that the once-troubled plant had operated for a record 585 continuous days and had turned in a capacity factor of 99.9 percent over that period.

In the early 1990s, cost-cutting was the by-word at Northeast's nuclear plants, with the result that its Connecticut Yankee plant in Haddam Neck, Conn., had to be permanently shuttered and its three-reactor Millstone complex near Waterford, Conn., was shut down at a cost to the utility of more than a billion dollars.

The nuclear "culture" at Northeast changed in 1997 when Michael G. Morris replaced Bernard M. Fox as chief executive and Bruce D. Kenyon, a no-nonsense former nuclear Navy officer was installed as president of the utility's nuclear operations.

Millstone Unit 1 was adjudged too costly to fix, but Unit 2, an 871 megawatt reactor, and Unit 3 were brought back up to standard and restarted. Together, those two units produced 16.4 billion kilowatt-hours of electricity in 2000, Northeast said.

Last August, Dominion Resources Inc. agreed to purchase Millstone for $1.3 billion. That transaction is expected to be completed sometime in April.

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