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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 Receives Local Support for Proposed Bay Area Power Plant

LCG, October 13, 2005--Calpine Corporation's (Calpine) proposal to trade land with the City of Hayward for a site to develop a new, gas-fired power plant was approved unanimously by the City Council in a vote Tuesday night.

The 600-MW project, known as the Russell City Energy Center, was proposed back in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. Now the energy outlook has changed, and California's thirst for electricity is growing. With the approval from the City Council, Calpine may trade 12 acres next to the city wastewater treatment plant for a 10-acres located nearby. The project, which would use water from the city's wastewater treatment plant for cooling, could be under construction by the summer 2007.

Calpine must obtain financing and amend and seek approval of its 2002-approved license from the California Energy Commission (CEC).

Winning local support for new power projects is an ever-growing challenge across the country, and Calpine's efforts included a planned $10 million contribution for a city library.

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