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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

Bulgaria to Promote Energy Resources, Market

LCG, Feb. 21, 2002--The Bulgarian cabinet today agreed that within the next three to four years, Bulgaria should focus on stimulating transparent energy markets within the country, and on lowering its requirements for imports of energy.

In a document released by the Council of Ministers Information and Public Relations Directorate, the outline of a national plan highlighted positive economic results that could come from efficiency, and the possible market structure and legal framework that would encourage engineering efforts using efficient technology.

The strategy also suggested that the government should play a diminished role in controlling energy markets, while true long-term costs would be reflected in prices.

Currently, Bulgaria's energy needs are met by importing 70 percent of energy resources. The ratio of energy consumption to national economic output has increased over the past decade, making Bulgaria less efficient than all other Central and Eastern European countries in terms of energy intensity.
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