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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

NRC Tables CP&L Spent Nuclear Fuel Plan

Feb. 19, 2001The Nuclear Regulatory Commission on Friday told Carolina Power & Light Co. that it needed more information before it could allow the company to store spent nuclear fuel in two unused pools at its Sharon Harris nuclear power plant in Raleigh, N.C.

The 900 megawatt Harris plant was originally designed for four reactors, but only one was completed. However, the plant's fuel handling building has four spent fuel pools, as originally planned. The plant's operating license issued in 1987 authorized CP&L to use two of those pools for storage of spent fuel from the Harris plant and from three other reactors owned by the company.

The Harris plant, like nuclear power plants throughout the United States, is choking on its spent fuel due to the failure of the federal government to make good on its obligation to provide permanent storage beginning in January 1998.

In December, the NRC staff had approved the company's request to put the two unused spent fuel pools to use. But the Board of Commissioners of Orange County, N.C., has asked the NRC for an immediate stay of that approval and has made legal filings to back up its request..

While the NRC rejected the Orange County petition, it says it will now reconsider whether to hold oral hearing on CP&L's proposal. The NRC staff has 14 days to provide additional information on the matter.

In the meantime, the agency has ordered CP&L to hold off on using the two unused, but available, spent fuel pools.

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