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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

Edison Could Finish Construction on Redlands Plant

LCG, July 18, 2003--A new subsidiary of Southern California Edison could own and operate a partially completed power plant near Redlands under a cost-of-service arrangement, if regulators approve of the utility's plan to purchase the project.

The plant, with planned capacity of 1,054 megawatts, was begun by AES Corp., which halted construction due to its poor financial position. Edison, which last built two generating units at the Cool Water plant near Barstow in 1978, sold all of its gas-fired generating units as part of 1996 deregulation legislation, while retaining hydro, coal and nuclear facilities.

The Redlands plant would come online by 2005, according to Edison's plan. Due to the fact that construction would not have to be started from scratch, the costs to ratepayers could be lower than it would be otherwise, according to Edison's president, Bob Foster, and the president of the California Public Utilities Commission, Michael Peevey, who is a former president of Edison. Edison now purchases two-thirds of the power it sells, and generates the remaining one-third from its own capacity.
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