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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

CFTC Sends Subpoena to Avista

LCG, June 24, 2002--The U.S. Commodity Futures Trading Commission sent energy company Avista Corp. a subpoena ordering trading records relating to "round-trip" trades.

Avista has been under threat of losing its trading license, along with three other energy traders: Williams Cos Ltd., El Paso Electric Co., and Portland General Electric Co. The Federal Energy Regulatory Commission warned these companies after an initial order to over a hundred companies to state whether or not they had participated in certain trading practices.

On June 14, Avista said that it did not knowingly participate in manipulative trading during California's energy crisis.

The CFTC has joined FERC, the Securities and Exchange Commission, and the Justice Department in the investigation of the electricity market.

According to Reuters, Avista believes that other companies must have received subpoenas from the CFTC as well.

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