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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

Yucca Mountain Nuke Waste Dump Gets Boost

LCG, June 22, 2001--Senate Energy Committee chairman Jeff Bingaman (D-N.M.) said yesterday he would support use of the remote Yucca Mountain waste site if an Energy Department study findsthe site safe.

Bingaman's statement to reporters would seem to indicate that not all Democrats are ready to fall into line behind Nevada Sens. Harry Reid and Richard Bryan in their opposition to the site.

When Democrats gained control of the Senate earlier this month, Majority Leader Tom Daschle of South Dakota declared the Yucca Mountain project "dead," despite some $9 billion in DOE investment in the site.

That money, incidentally, was provided by customers of the nation's nuclear electric utilities through a surcharge on their bills since 1982.

At a breakfast news conference, Bingaman said that if the current safety study of the repository finds the Nevada site safe, it will become the permanent storage place for spent fuel from the nation's commercial reactors. He urged that "the science determine whether we use Yucca Mountain."

Yucca Mountain is the only site being studied for a permanent place to sequester spent nuclear fuel. Legislation enacted in 1982, and twice supported by court orders, required the DOE to begin accepting spent nuclear fuel for storage in January of 1998, a deadline the agency missed.

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