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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

Bulgaria to Sign $1.4 Billion Deals with AES, Entergy

LCG, June 1, 2001The Bulgarian cabinet has approved signing two power contracts with U.S. energy firms Entergy Corp. and AES Corp., Prime Minister Ivan Kostov told a news conference yesterday. The combined value of the deals is more than $1.4 billion.

"With today's decision of the cabinet the procedure for signing the two deals has been opened," Kostov told reporters.

One of the projects will be an upgrade of an 840 megawatt coal-fired power plant near Maritsa in southeast Bulgaria, to be undertaken by Entergy as a joint venture with Bulgaria's National Electricity Co. In the other project, a joint venture between the national Electricity Co. and AES will build a new 670 megawatt coal-fired power plant, also near Maritsa.

The Maritsa sites are located in the richest lignite-producing region of the Balkans. Thirty percent of Bulgaria's electricity is generated in the area.

Kostov said the two projects will bolster Bulgaria's position as the main producer and exporter of electric power in the Balkans.

The contracts are expected to be signed within the next two weeks and construction should begin in September or October, according to Ivan Shilyashki, head of Bulgaria's state energy agency.

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