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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

MidAmerican Energy's Wind XII Project Approved

LCG, December 6, 2018--The Iowa Utilities Board (IUB) on Tuesday approved MidAmerican Energy Company's proposed Wind XII project. With the approval, the company is poised to install up to 591 MW of new wind turbines to add to electric generating capacity in Iowa. The project is scheduled to be completed in 2021, and the estimated construction cost of the project is $922 million.

The order by the IUB states that MidAmerican has satisfied conditions in Iowa Code for advance ratemaking principles associated with the project. In the settlement agreement, the ratemaking principles approved establish a cost cap. The agreement includes an allowed return on the common equity portion of Wind XII that will be included in Iowa electric rate base at 11 percent.

MidAmerican filed its Wind XII request for advance ratemaking principles with the Board on May 30, 2018.
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