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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

Babcock & Brown Ready to Proceed with Trans Bay Cable

LCG, August 17, 2007--Babcock & Brown announced yesterday that it received approval from the San Francisco Bay Conservation and Development Commission (BCDC) for its proposed Trans Bay Cable, a $450 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 53 miles from Pittsburg southwest to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The City of San Francisco is otherwise dependent upon transmission lines extending up the San Francisco Peninsula from the south.

In September 2005, the Board of Governors of the California Independent System Operator (ISO) selected the project over other alternatives. With the approval from the BCDC, Babcock & Brown stated that the project is now scheduled to commence operations in 2010.

Babcock & Brown's partner in the project is the City of Pittsburg, which will own, operate and maintain the facilities.
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