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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

Nisource, Columbia Merger to Cost 800 Jobs

LCG, Oct. 13, 2000-- Nisource Inc., which is acquiring Columbia Energy Group, announced Thursday it will cut 800 jobs, or about 5 percent of the companies' combined work force, when the merger is completed.

The company said the cuts will be made through involuntary terminations and early retirements. Employees leaving the companies involuntarily will be provided separation benefits as well as assistance in seeking new career opportunities.

Pink slips will be issued throughout the organization geographically and at all staff levels, Nisource said. Company spokeswoman Sally Anderson said a breakdown of job cuts in individual states was not available.

Nisource's acquisition of Columbia, which began as a hostile takeover, will create the largest U.S. gas utility east of Southern California. The new company will serve about 3.6 million gas and electric customers in nine states in the Midwest and Northeast.

The company said the "synergies" will save the two companies about $100 million next year and increase to $175 million in 2004.

Approval by the Securities and Exchange commission is the only remaining regulatory action required to complete the merger.

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