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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

Energy East Plans New York Gas Storage Facility

LCG, Sept. 19, 2001--An Energy East Corp. subsidiary said yesterday it has asked federal regulators for permission to build a high-deliverability natural gas storage facility in depleted salt caverns near the Town of Reading, N.Y.

A subsidiary created to build and operate the storage facility is named Seneca Lake Storage Inc. and is, itself a subsidiary of Energy East unit Energy East Enterprises Inc.

Seneca lake Storage told the Federal Energy Regulatory Commission that the facility will be linked to the Columbia Gas Transmission Corporation and Dominion Transmission, Inc. interstate pipelines to supply firm and interruptible storage services at market-based rates.

Seneca lake Storage said it expects to begin operating the facility in November of next year. It will have a projected working gas capacity of 300,000 dekatherms and will be capable of delivering up to 50,000 dekatherms a day.

The company said an open season to accept non-binding requests for firm storage service from the facility began September 1 and will continue through September 30.

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