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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

Southern Unit Plans 320 Megawatts for Virginia

LCG, Feb. 13, 2001Mirant Corp., the former Southern Energy and still a subsidiary of The Southern Co., said yesterday it wants to build a 320 megawatt natural gas-fired power plant in Danville, Va.

The proposed facility would consist of four 80 megawatt simple-cycle units that could be expanded to 870 megawatts total output with the addition of heat recovery steam generators and conversion to combined-cycle operation.

Rick Pershing, chief executive officer of Mirant Americas, said "The Danville area needs new plants, and these gas-fueled turbines represent one of the cleanest ways to make electricity on a commercial scale."

Danville Mayor John Hamlin was enthusiastic. "This investment would create a myriad of benefits for Danville's future -- significant new tax revenue, high quality jobs, economic diversification, electric generation capacity, natural gas capacity," he said.

Mirant said the plant would initially be a peaking facility, meaning it would be used only during periods of great demand when the electricity produced would fetch the highest prices. Conversion to a combined-cycle configuration would occur if the company determines that the power plant is needed for its day-to-day electricity production needs.

The new facility would be built on about 67 acres in a Danville industrial park. Depending on receipt of state and local permits, Mirant expects commercial operation to begin in 2003 or 2004.

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