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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

RGS Shareholders Okay Takeover by Energy East

LCG, June 18, 2001--Shareholders of RGS Energy Group, the parent company for Rochester Gas & Electric Co., on Friday approved the company's acquisition by Energy East, the former new York State Electric & Gas Co., creating one of the largest diversified energy providers in the U.S. Northeast.

Under terms of the acquisition, shareholders of RGS will get $39.50 for each share, payable in cash or in Energy East stock as long as Energy East's common stock prices fall within the range of $16.57 and $22.41.

"RGS Energy's operations in nine counties centering around Rochester will provide a solid base forgrowth," Wes von Schack, Energy East's chief executive told the company's annual meeting.

Von Schack said RG&E's generation portfolio will help Energy East manage some of the business risks that are naturally inherent in a transmission and distribution business. "RG&E's powergeneration facilities substantially satisfy its customers' needs, and will help support some of NYSE&G's supply requirements and improve our ability to continue to deliver electricity at stable prices," he said.

The electricity shortages and price shocks that are impacting several parts of the country, mostnotably California, are also being experienced in New York. "Fortunately, NYSE&G customers havebeen spared these price shocks because their electricity supply and delivery prices have been frozensince 1995," von Schack said.

If approved by state and federal regulators, the acquisition is expected to close next year, Energy East said. The combined company will serve 3 million customers, including about 1.8 million electricity customers, 1 million natural gas customers and about 200,000 other retail energy customers.

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