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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

Lawsuit Filed to Void Long-Term Electricity Contracts

LCG, May 1, 2002-California Senator Tom McClintock of Thousand Oaks (R ) filed a lawsuit this morning in California Superior Court alleging an energy consultant violated the law in writing long-term energy contracts.

McClintock's suit asserts that state energy consultant Vikram Budhraja did not follow government code when he assisted negotiation of last year's electricity contracts.

California government employees are forbidden to write contracts in which there is conflict of interest, such as if a retainer exceeds five percent of a person's total yearly income.

Budhraja has served at several executive posts for Edison International, parent to Southern California Edison utility, and resigned in January of 2000. Reportedly Edison International gave Budhraja a retainer of over $100,000 last year and renewed the retainer for 2002. His own company is under contract to receive - over about a 3 year period starting in 2001 - $6.2 million from California for consulting work.

Southern California Edison's generation division, Edison Mission Energy, now has a ten-year contract with California's Department of Water Resources, but Edison Mission insists that Budhraja was not involved with that contract.

Department of Water Resources spokesman Oscar Hidalgo also asserts that the suit has no merit and is merely a political move on the part of McClintock.

The suit has been filed in the wake of the renegotiation of eight long-term California energy contracts, rewritten because they were deemed unreasonably costly.

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