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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

CMS Energy Sells 59 Megawatt New York Hydro Plant

LCG, Oct. 30, 2000--CMS Energy Corp. the parent company for Michigan's Consumers Energy Co., said on Friday it has closed the sale of its one-eighth ownership interest in the Curtis-Palmer hydroelectric generating project in New York State to International Paper Co. for about $12 million.

Curtis-Palmer is a 58.8 megawatt, two-dam hydroelectric generating project located in Corinth, N.Y., on the Hudson River downstream from Lake George. The facility sells its electric output to Niagara Mohawk Power Corp. under a long-term contract.

CMS said the sale is part of its $1.4 billion asset sale and "balance sheet improvement" program. With the sale, CMS has completed approximately $870 million of cash proceeds and balance sheetdebt reductions to date as part of its program to get the most out of its assets.

" We are executing our asset sale program, and expect to make continued progress on sales of non-strategic assets this year," said Preston D. Hopper, senior vice president for corporate performance and chief accounting officer.

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