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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

California Water Prospects Not Too Dismal

LCG, October 1, 2002-The California Department of Water Resources is projecting that water supplies are adequate and that there is a possibility of above-average precipitation this winter.

Adequate water supplies are good news for Californians, especially the drought-ridden residents of Southern California, but increased rainfall this next rain year would ensure that the state's hydroelectric plants will be able to continue to supply significant electricity capacity.

Limited precipitation in recent years may have contributed to the energy crisis of 2000/2001 in that hydroelectric dams could not supply as much capacity to the state.

DWR officials are unable to say for certain whether or not this new rain year, which begins October 1, will bring more rain than the last two dry years did. However, experts do say that there is a significant chance of above-average rainfall. The possibility of an El Nino event is limited but not at all out of the question.

Precipitation in 2001 and 2002 was less than normal, and in Southern California, some areas have just experienced their driest year on record.

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