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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

Duke Begins Building 570 Megawatts Near Phoenix

LCG, Feb. 22, 2001Duke Energy North America yesterday began construction on a 570 megawatt merchant power plant in Arlington Valley, Ariz., west of Phoenix. Duke said the $250 million facility would begin commercial operation by the summer of next year.

Arizona governor Jane Hull said at a ground-breaking ceremony it was critically important to her "that Arizona's electricity consumers have confidence in our electric generation system, and knowledge that the energy they desire will be available as needed. That is why I am grateful for the investment Duke Energy is making here in western Maricopa County."

The new plant will be a natural gas-fired, combined cycle plant equipped with advance pollution control equipment. According to Duke, the project has met and exceeded environmental and community requirements and gained support of Maricopa's county supervisors.

Duke said that during the 18-month construction period, the project will generate some 500construction-related jobs. When it's finished, a permanent staff of about 25 employees will operate and maintain the plant.

Gov. Hull enthused, "The Arlington Valley Energy Facility will provide critically needed electrical generation capacity, add to our local economy by employing hundreds of skilled workers during construction and pay millions of dollars in taxes that will go to support local schools."

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