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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 Resurrects Plans to Build Generating Station in Bay Area

LCG, October 11, 2005--Calpine Corporation (Calpine) is resurrecting its plans to develop a 600-MW, electric generating station near Hayward, California. The natural gas-fired project could be under construction by the summer 2007.

The energy crisis in California and Calpine's subsequent financial difficulties had placed the plant on the back-burner. Today, the landscape of California's energy market is being reshaped by growing demands for electricity and aging power plants.

To advance the project, known as the Russell City Energy Center, Calpine wants to trade land with the City of Hayward to gain property adjacent to the city's wastewater treatment plant that could supply treated waste-water for cooling. The proposed land trade is scheduled for review by the Hayward City Council this evening.

Calpine has a number of additional hurdles, such as financing and amending its 2002-approved license from the California Energy Commission (CEC).

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