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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

AES May Challenge U.K. Over Aid to Energy Co.

LCG, April 8, 2003AES Corporation, owner of the Drax power station, may challenge the British governments decision to give 2.1 billion pounds in aid to British Energy.

AES finds the financial assistance is unfair because, AES believes, the energy market will be negatively affected and electricity prices will not rise with the market.

Late last year the European Commission approved up to 889 million pounds in aid to British Energy in order to guarantee electricity supply and nuclear safety.

TXU Europe, the large Drax plants major customer, collapsed recently. Its demise forced AES to reconsider its financial situation regarding Drax. AES may participate in a debt-for-equity trade with Drax creditors for greater than 1 billion pounds.

AES is likely to decide whether or not to go ahead with the challenge this week. If the company takes the issue to court, it is likely to file with the European Court of First Instance.

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