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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

New York Okays Entergy's Purchase of Indian Point Nuke

LCG, Aug. 30, 2001--The New York State Public Service Commission yesterday approved the sale of Consolidated Edison Co.'s Indian Point 1 and 2 nuclear plants to Entergy Nuclear Operations, a unit of New Orleans-based Entergy Corp.

That approval comes days after the Nuclear Regulatory Commission approved the transfer of the Indian Point licenses from Con Edison to Entergy.

The New York approval includes both the 950 megawatt Indian Point Unit 2 which is operational and the shuttered Indian Point Unit 1. Though Indian Point unit 2 was operating at 100 percent of capacity this morning, it had suffered numerous steam generator leaks in recent years, culminating in a small release of radioactive steam into the atmosphere last February.

The Nuclear Regulatory Commission told Con Edison to quit putting band aids on the leaky steam generators and replace them, which the utility did.

In addition to the two reactors, Entergy will get three gas turbines, plant infrastructure and the real estate in Buchanan, N.Y. on which it all sits.

Entergy, in turn, will sell all of the output of Indian Point Unit 2 to Con Edison through 2004, with an option to extend the deal through the end of the decade.

The New York approval was the last hurdle for the deal.

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