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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

Wisconsin Public Service Drops Customer Choice

LCG, Feb. 22, 2001WPS Resources Corp. said yesterday its regulated utility subsidiary Wisconsin Public Service Co. has withdrawn its electric customer choice program because events in California have clouded electric industry deregulation.

The company said it asked the Wisconsin Public Service Commission to withdraw the program from consideration. It had been intended to introduce a competitive electric generation marketplace for consumers in a deregulated environment.

WPS chief executive Larry Weyers said "Unfortunately, with California's experiences with electric shortages and high prices, most customers today seem to accept the current system of utilities building and owning electric plant."

WPS said it was still in favor of a competitive marketplace and would make a few changes in the proposal in order to ease shareholder and customer concerns before resubmitting it to the PSC.

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