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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/Fluor Daniel to Build Calpine Oklahoma Plant

LCG, Aug. 1, 2001--Duke/Fluor Daniel said yesterday it has been awarded a contract by Calpine Oneta Power, L.P., to provide engineering, procurement and construction services for a 1,150-megawatt, combined-cycle, natural gas-fired power plant in Coweta, Okla.

Duke did not disclose the value of the contract, though the entire project has been estimated at $500 million. The facility is scheduled to begin commercial operation early next summer and is currently on target to meet that goal, the company said.

"Two aspects of this contract stand out," said Jeff Faulk, president and chief executive of Duke/Fluor Daniel. "It is our first opportunity to work with Calpine Corporation widely regarded as a leading independent power producer. Second, as part of the overall contract, we have effectively combined Calpine's procurement requirements, preferred suppliers and commissioning capabilities with (our) contracting capabilities."

Doug Kieta, Calpine's senior vice president for construction, chimed in "This contract represents a significant step forward for the project, and such projects represent significant progress in meeting fast-growing energy demand in the United States."

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