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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

Calpine Completes Acquisition of Westcoast Energy Plants

LCG, Sept. 24, 2001--Calpine Corp. said on Friday its wholly owned subsidiary Canada Power Holdings Ltd. has completed the acquisition and assumed operations of two Canadian cogeneration plants from British Columbia-based Westcoast Energy Inc.

The acquisition adds 275 net megawatts of strategic natural gas-fired generation to Calpine's Canadian power portfolio. Calpine said it paid about $255 million (U.S.) for the plants.

The acquisition gives Calpine 100 percent interest in the Island Cogeneration facility, a 250 megawatt natural gas-fired electric plant located near Campbell River, British Columbia on Vancouver Island.

The plant, which is nearly completed, will deliver electricity to BC Hydro under the terms of a 20-year agreement and will also provide process steam to a nearby industrial concern under a 15-year contract.

Calpine also acquired a 50 percent interest in and assumed operations of the 50-megawatt Whitby Cogeneration plant, which provides power to Ontario Energy Financial Corporation, formerly Ontario Hydro, under the terms of a 20-year agreement. Located in Whitby, Ontario, the plant entered commercial operations in September 1998 and provides steam to a packaging firm.

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