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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

SMUD Announces Budget Plans- No Rate Hike

LCG, November 13, 2002-Sacramento Municipal Utility District(SMUD) announced its budget plans will increase its debt but will not involve retail rate hikes.

SMUD plans to increase its debt in part to pay for new plants. $200 million will go to the construction of a new plant, while $13 million will be put towards wind farm expansion.

Currently SMUD has a debt of $1.8 billion and expects to end the year with a debt of $2.11 billion.

The municipality asserts that it is in very good financial condition and hopes to take in $36 million in excess revenues next year to put into a preexisting emergency fund.

Other issues in its budget include a problematic solar program, which will cost more than previously expected and is forcing the municipality to decide between increasing spending on the solar project or retaining a robust emergency fund. The solar project involves installing 800 kilowatts of solar to some 150 homes and 6 businesses, although SMUD had an initial goal of providing 2,400 KW of new solar power in 2003.

The budget is only in draft form as yet; board members will begin its review this week in Sacramento.

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