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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

Federal Court May Decide California Electric Rates

LCG, Feb. 12, 2001Even as California Gov. Gray Davis and the state legislature wrestle with what they regard as a "bailout" for the state's nearly bankrupt electric utilities, a federal judge in Los Angeles could decided how much consumers have to pay for power they have already used.

Since whole sale power prices began exceeding in May of last year what the utilities could charge their retail customers, the two largest California utilities, Pacific Gas & Electric Co. and Southern California Edison Co., have gone into a financial hole exceeding $12 billion bailing out ratepayers.

SoCal Edison sued the California Public Utilities Commission in the U.S. District Court for Los Angeles last November after the regulators had repeatedly refused to lift a the rate freeze that prevented the company from charging the true cost of power. A similar suit by PG&E was recently transferred to the L.S. court and the two are expected to be consolidated.

The SoCal Edison case is on the court's docket for today, and it is difficult not to recall the words of William Massey, a member of the Federal Energy Regulatory Commission, who on December 15 said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

But in Sacramento, the governor and lawmaker are still trying to find a way out for the utilities that won't burden, and hence upset, consumers who are also taxpayers and voters.

The utilities have agreed to take part in state Senate hearings this week. "We have reached agreement with the utilities on a timetable to resolve this issue," Davis said. "They've agreed to participate in hearings dealing with their finances."

Pending the outcome of the hearings, state Attorney General Bill Lockyer has asked the Los Angeles court to delay any decision in the utilities' suit against the CPUC.

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