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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

Oklahoma Lawmaker May Drop Electric Deregulation

LCG, Nov. 13, 2000--Oklahoma state Sen. Kevin Easley, who guided the state's Electric Restructuring Act through the legislature almost four years ago, told an electric deregulation conference in Tulsa Saturday that he was tired of trying to put some meat on the act's bones and may not reintroduce his measure in the new session next year.

"I'm not prepared to say today that we're going to have a piece of legislation on this," he told the conference sponsored by the University of Tulsa's National Energy Environment Law and Policy Institute. "When you offer a bill like this, you become a target," Easley added.

The 1977 legislation set the framework for retail electric competition to begin by July 2002 and directed the Oklahoma Commerce Commission to figure out the details by this year. A year later, a follow-on bill was enacted requiring that all studies be completed by October 1999.

In March of this year, the state Senate passed Easley's bill setting for the details of retail electric competition and reaffirming the starting date of July 2002. The measure was voted down in the state House of Representatives in May, just before the legislature adjourned.

All roads to electric deregulation in Oklahoma go through Easley who is chairman of the Senate Energy, environmental Resources and Regulatory Affairs Committee. He said he would not "support a radical departure" from his legislation and said some others offering proposals "were more interested in causing confusion."

One speaker at the conference questioned whether Oklahoma needs to change its existing regulation of utilities. William Mogel, editor of the Energy Law Journal, asked "If Oklahoma indeed is a low-cost state, what needs to be fixed?"

U.S. Rep. Steve Largent, the keynote speaker at the symposium, said competition "will provide lower costs and better efficiency."

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