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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

AEP Buys Enron Wind Project in Texas

LCG, Jan. 2, 2002--American Electric Power Co. Inc. said Monday that it has acquired the 160-megawatt Indian Mesa Wind Power Project from Enron Wind Corp. for $175 million. The Enron unit will provide operations and maintenance services at the site, located near Iraan, 45 miles east of Fort Stockton, Texas.

Under terms of the agreement, AEP will assume responsibility for fulfillment of previously announced power supply arrangements with City Public Service, the municipal electric utility for San Antonio, Texas. CPS will buy all the power generated from the wind turbines under long-term agreements.

"We are pleased to add the Indian Mesa Wind Project to our growing fleet of renewable power generation resources," said Dwayne L. Hart, senior vice president of business development for AEP Energy Services, an AEP subsidiary. "The addition of Indian Mesa furthers our goal of enhancing the renewable portion of our overall generation portfolio. We're also pleased with the opportunity to establish a relationship with CPS."

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