WASHINGTON (dpa-AFX) - NextEra Energy, Inc. (NEE), Monday announced a memorandum of understanding with Basin Electric Power Cooperative to explore the joint development of a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory.
The project, developed under Basin Electric's Large Load Commercial Program, would help meet demand from large-scale technology infrastructure.
If successful, the project would generate significant job opportunities and generate substantial tax revenue for local communities.
In the pre-market hours, NEE is trading at $84.58, up 1.78 percent on the New York Stock Exchange.
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