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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

Michigan Co-op to Solicit Large Industrial Power Users

LCG, Nov. 21, 2000--The Wolverine Power Supply Cooperative said yesterday that its new marketing subsidiary has been licensed as an "Alternative Electric Supplier" by the Michigan Public Service Commission.

License in hand, the Wolverine Power Marketing Cooperative plans to target customers representing a load of one megawatt or more, "presently served by Consumers Energy, Detroit Edison and others," the company said.

"Wolverine Power Marketing Cooperative is in a unique position in that it is organized as a not-forprofit cooperative to sell electricity to large commercial and industrial customers," said Craig A.Borr, chief executive of the new co-op. "We believe strongly that the cooperative philosophy will be a differentiator in a commodity market and offer strong appeal to large customers."

The marketing co-op will purchase power from its parent co-op, which owns a lot of power plants and provides electricity to rural distribution cooperatives in Michigan. Borr said that will make a difference.

"Unlike most of the suppliers participating in Michigan's electric choice marketplace, WPMC is unique in that it already has bulk power supply commitments in place and backed with in-state generation to meet customer energy demands during the peak summer months," he said.

Like any co-op, Wolverine Power Marketing Cooperative will be governed by a board of directors comprised of its customers. Wolverine's customers have heretofore been small "wires" co-ops distributing power to farms and small communities in Michigan. With this new marketing plan, the co-op's board could take on a more urban cast.

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