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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

Capacity Being Added at Florida's Hines

LCG, Mar. 28, 2002--The second phase of construction at Florida Power's Hines Energy Complex is beginning today, and will add a second gas-fired, combined-cycle plant.

The new plant will have a capacity of 495 megawatts, and is expected to start producing power in November 2003. "We serve a state with one of the highest growth rates in the country," commented Bill Habermeyer, president and CEO of Florida Power, the regulated utility. The original, 482-megawatt plant, Hines 1, started operations in 1999. The Hines Energy Complex is located in Polk County, Fla.

During the approval process of the combined-cycle generating units at Hines by the Florida Public Service Commission in 2000, a staffer suggested that Florida Power be allowed to recoup its capital and operating costs plus a given rate of return for the first five years of the project, rather than over a 30-year period.
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