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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

Midwest ISO Recruits 8 New Members

LCG, March 5, 2001--The Midwest Independent Transmission System Operator, which has watched some of its largest members defect in favor of the rival, profit-motivated Alliance Regional Transmission Organization, got a lift last week when eight utilities applied to join up.

The Midwest ISO announced on Friday that applications had been received from Indianapolis Power and Light Co., Indiana Municipal Power Agency, Lincoln Electric System, Minnesota Power Co., Otter Tail Power Co., Sunflower Electric Power Corp. and UtiliCorp United.

The rush to enlist was not exactly a manifestation of volunteerism. As the result of a settlement brokered last week by the Federal Energy Regulatory Commission, the utilities were given until February 28 to apply for membership in either the Midwest ISO or Alliance in order to qualify for a single pricing structure.

Under the settlement, Midwest ISO and Alliance agreed to exist separately but coordinate their activities, including setting up a single pricing structure that would permit market participants to deal with either organization as if the two were one RTO.

The settlement also allowed Illinois Power Co., Ameren Energy Corp. and Commonwealth Edison Co. to depart the Midwest ISO in favor of Alliance.

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