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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

New Lawsuits Driven by California's Energy Crisis

LCG, July 12, 2004--San Francisco County and Santa Clara County filed separate lawsuits against natural gas providers and marketers alleged to have conspired to increase the price of gas during California's energy crisis, costing consumers billions of dollars. Named in the suit are San Diego-based Sempra Energy and three subsidiaries (Sempra Energy Trading, San Diego Gas & Electric and Southern California Gas), plus Aquila, Coral Energy Resources, Dynegy, EnCana, Reliant Energy, and CMS Energy.

The suits were filed July 8, 2004 in San Diego Superior Court, and the counties are seeking damages for paying inflated prices for natural gas. Nancy Fineman, an attorney for San Francisco and Santa Clara counties, stated, "These companies were working together during the energy crisis to make enormous profits for themselves at the expense of California consumers."

Sempra spokesman Doug Kline was quick to label the suits "meritless."

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