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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

El Paso Will No Longer Trade Energy

LCG, Nov. 8, 2002--El Paso Corp.'s energy-trading portfolio will be liquidated and transferred to another, separately capitalized unit in order to protect the balance sheet and credit of the company.

The central unit's revenue was down compared with the previous year by $336 million, while $96 million worth of contracts valued through mark-to-market accounting had to be removed from revenue. Within two years, El Paso expects it will have completely rid itself of its portfolio, which will go to Travis Energy Services.

El Paso's trading division has received unwanted attention following a ruling by an administrative law judge with the Federal Energy Regulatory Commission that an El Paso pipeline prevented gas from flowing into California, driving up prices of gas and electricity, adding up to an additional $3 billion needed for energy spending.

"While overall earnings were hurt by weak trading and refining results, our core businesses of pipelines, production, midstream, and power produced strong earnings and cash flow in a difficult quarter," William A. Wise, the chairman and chief executive, said in a statement.

El Paso's pipeline business and oil and gas production have seen earnings increase 11% and 5.9% respectively over last year's results. Its field-services unit experienced a loss of $11 million.
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