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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

NRC Staff Approves Indian Point License Transfers

LCG, Aug. 28, 2001--The Nuclear Regulatory Commission said yesterday its staff has approved the transfer of the operating licenses for Indian Point Nuclear Generating Units 1 and 2 from Consolidated Edison Co. of New York Inc. to subsidiaries of Entergy Corp.

The 975 megawatt reactors are located in Buchanan, N.Y.

The NRC staff's approval of the license transfers becomes effective immediately, even though the commission granted hearing requests on August 22, from the Citizens Awareness Network and jointly from the Town of Cortlandt Manor, N.Y., and the Hendrick Hudson School District.

The groups sought hearings regarding Entergy's financial ability to operate and maintain the Indian Point plant safely. The commission's August 22 order lays out a schedule for the hearing which could result in a decision early next year, which could reverse the action now being authorized by the staff, the NRC said.

Last December, Con Edison and Entergy asked the NRC to approve the transfers, after Entergy had agreed to purchase to Indian Point facility from the New York utility.

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