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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

Local Opposition to Cape Wind Project Persists

LCG, June 19, 2009--Cape Wind Associates must respond to continued local opposition to its wind farm planned for installation in Nantucket Sound, about five miles off the shore of Massachusetts. The project developer, Cape Wind, has pursued government approval since 2001.

The Cape Cod Commission (CCC), a local land-use planning and regulatory agency, together with the city of Barnstable and the Alliance to Protect Nantucket Sound, appealed the Massachusetts Energy Facilities Siting Board?s approval of the Cape Wind offshore energy project. The Massachusetts Supreme Judicial Court will hear the appeal.

On May 28, the Massachusetts Energy Facilities Siting Board completed a Certificate of Environmental Impact and Public Interest granting all of the state and local permits necessary for the Cape Wind Associates wind energy project to proceed to construction. The Siting Board voted 7-0 to grant the Certificate, with minor modifications.

The Cape Wind Energy Project has a design generating capacity of 468 MW and includes 130 wind turbines that would - at the highest blade tip - extend 440 feet above the surface of the water. Concerns of opponents to the project include the visibility of the wind farm and related impacts on tourism.
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