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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

FERC to Require Reporting When Reliability Standards Not Met

LCG, Dec. 17, 2003--The Federal Energy Regulatory Commission (FERC) intends to require that utilities report instances in which they fail to meet voluntary standards set by the North American Electric Reliability Council.

The Chairman of FERC, Pat Wood III, said that as long as the scope of FERC's authority to enforce standards remains in doubt because of the stalled energy legislation in Congress, requiring reporting would be a first step before NERC's voluntary standards could become legally binding. The reporting requirement could become effective before summer, Wood told the agency.

In addition to the reporting requirement, for which support has been expressed by other commissioners as an initial step in improving reliability, FERC might undertake audits of utility performance. The audits could be used to verify compliance by individual utilities.
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