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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

Nevada Power Pays $22 Million Debt to Calpine

LCG, October 31, 2002-Las Vegas-based Nevada Power has paid all outstanding bills to San Jose's Calpine Corporation.

$22 million in electricity generated and delivered between May 1, 2002 through September 15, 2002 has been paid for.

In April, Nevada Power, which was experiencing financial difficulties, asked for an extension on payment and has since brought its debts to Calpine up-to-date.

Nevada Power serves over 643,000 customers in Nevada.

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