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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

Reliant Completes Sale of Brazilian Interests

LCG, Dec. 8, 2000--Reliant Energy Inc. said yesterday that it has completed the sale of its interest in Light Servicos de Eletricidade S.A. to AES Corp. of the U.S. and EdF International S.A., a subsidiary of French utility Electricit de France, for $430 million.

An AES subsidiary purchased about 30 percent of Reliant Energy's shares in Light, while EdF bought the remainder. Light and its subsidiary, Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A., together serve some 7.4 million customers in Rio de Janeiro and Sao Paulo, Brazil.

A consortium including Reliant, AES and EdF purchased a majority interest in Light when the Brazilian government privatized the company in 1996. Reliant's interest in Light, which amounted to about 11.7 percent, is what AES and EdF acquired.

The Light investment represented Reliant Energy's entire interest in Brazil. The sale is part of thecompany's plan, announced a year ago, to divest its Latin American investments, which are primarily regulated energy delivery businesses, in order to focus on its competitive energy services businesses in the U.S. and Western Europe.

Reliant said the sale of its remaining investment in Colombia is expected to close by the end of the year, completing the divestiture of the "vast majority" of the company's Latin American investments.

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