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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

World Bank Discusses Ugandan Hydroelectric Dam

LCG, June 5, 2002--The World Bank is considering giving a $250 million guarantee to AES Nile Power for the $550 million Bujagali Hydro Project, a 200 MW hydropower endeavor.

AES Nile Power intends to build the Bujagali Dam without financial assistance from the struggling Ugandan government.

U.S and Ugandan environmentalists assert that important information has been left out of the discussion of the project. While the building of the dam will not be paid for by Ugandans, the Power Purchase Agreement, which includes some $100 million in government payments to AES Nile annually, has not been given up for public debate in Uganda.

Additionally a confidential World Bank document is alleged to refer falsely to the dam as the cheapest source of power for Uganda, while the International Rivers Network asserts that the project is not economically viable for debt-ridden Uganda and that cheaper alternatives, such as geothermal, should also be discussed.

The World Bank's investigative body has given a report to the bank's executive board, outlining violations of internal policies regarding the Bujagali project.

According to AES Nile Power, approximately 3 percent of Ugandans have electricity, as opposed to 13 percent of those in Ghana.

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