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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

Maritimes & Northeast to Double Capacity

LCG, June 20, 2001--Maritimes & Northeast Pipeline said yesterday it has agreed with PanCanadian Petroleum Ltd. to transport up to approximately 400 million cubic feet per day of natural gas from the PanCanadian-owned Deep Panuke project offshore Nova Scotia to markets in Atlantic Canada and New England.

To handle the additional capacity, Maritimes proposes to expand its mainline at a cost of about $330 million (U.S.). The expansion is scheduled to be completed in late 2004 or early 2005 to meet the PanCanadian planned production target of first quarter of 2005.

Michael Phelps, chairman and chief executive officer of Westcoast Energy Inc., the lead partner in the Canadian portion of Maritimes, said "With this expansion, we are well on the way to our goal of doubling system capacity to 1.2 billion cubic feet per day by 2005 and to 2 billion cubic feet per day by 2010."

Phillip Knoll, president of Maritimes & Northeast Pipeline, predicted "This project will see our transportation rates dropping significantly, enhancing the competitiveness of Scotian Shelf natural gas in relation to other supply basins in North America."

Maritimes said it would soon file applications to the Canadian National Energy Board and the U.S. Federal Energy Regulatory Commission for project review and approval.

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