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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

Dynegy to Expand North Texas Gas Processing

LCG, Aug. 7, 2001--Dynegy Inc. said this morning that it plans to more than double its Chico, Texas, natural gas processing capacity by building a second, 150 million cubic feet per day facility adjacent to its existing 100 million cubic feet per day plant.

The company said the new plant is in response to processing opportunities resulting from increased drilling and production activity of the Barnett Shale formation in North Texas. New fracturing techniques have enabled producers to tap previously undeveloped gas reserves in the region.

Dynegy, through long-term contracts with producers, has the right to gather, compress and process gas volumes from more than 100,000 acres of leases in the Barnett Shale. Commercial operation of the new facility is expected to begin during the second quarter of next year.

"This project demonstrates our ability to capture and execute on incremental growth opportunities in one of the key producing regions of the country," said Steve Furbacher, president of Dynegy's Midstream Services unit. "In addition to enhancing our strategic position in the region, this project also demonstrates our ability to optimize existing assets."

Dynegy said the new Chico gas processing plant will create about 150 new construction jobs. Once in full commercial operation, it will be operated by existing Chico personnel.

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